OIO cuts deal with Wrightson shareholder Agria over 'good character' test

Thu, 20 Dec 2018

By Paul McBeth Dec. 20 (BusinessDesk) - The Overseas Investment Office has cut a deal with PGG Wrightson cornerstone shareholder Agria over the Singaporean firm's good character, agreeing to let it cede control of the rural services firm and face a court-imposed fine. The office, a unit of Land Information New Zealand, started investigating whether Agria still met the 'good character' test required of foreign investors when the US Securities and Exchange Commission began looking at the firm in 2015 after it was delisted from the New York...

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