No changes for Wrightson board as new investor builds 9% stake

Fri, 24 Apr 2020

PGG Wrightson’s newest substantial shareholder – Beijing Holdings BAIC – hasn’t started lobbying for change at the board. The rural services company yesterday said it’s been in touch with the Hong Kong investment company, which has interests in international agriculture and food. The firm is ultimately controlled by Beijing Capital Agribusiness and Foods Group. “BAIC have advised that their investment in PGW is strategic in nature and has been made with the aim of exploring future closer ties between New Zealand and China as a major expor...

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