NZ Premium Whitebait venture sold to Maori tribe for $1.095M by receivers

Fri, 18 May 2018

By Tina Morrison May 18 (BusinessDesk) - New Zealand Premium Whitebait, the country's only commercial whitebait farm, has been sold by receivers to its creditor and shareholder, the commercial investment arm of the Ngati Tahu-Ngati Whaoa tribe, for $1.095 million. Receivers Ecovis KGA sold the whitebait business to Tahu Whaoa Group Holdings for the value of the group's $927,500 debt and a cash payment of $167,500 on May 15, some six weeks after their appointment by the group on April 5, it said in its final report. Tahu Whaoa tipped the c...

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