BX Foods faces Overseas Investment Office probe for potential consent breach

BX Foods faces Overseas Investment Office probe for potential consent breach
The company's plant in Oamaru bears the name of its trading subsidiary. (Image: Google Maps)
Riley Kennedy
The Overseas Investment Office is investigating whether embattled BX Foods has breached conditions on one of its consents. The inquiry came after the Chinese-owned North Otago meat company confirmed it was looking at cutting staff numbers.The processor is part of the Binxi Group, founded 20 years ago in the Chinese city of Harbin.Nearly 10 years ago, the Overseas Investment Office (OIO) gave the group clearance to buy its site outside Oamaru from Lean Meats for $5 million.In 2017, the company attempted to take over Blue Sky Meats. It still...

More Primary Sector

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025