Westland shareholders strongly back Yili takeover

Westland shareholders strongly back Yili takeover
Rebecca Howard
By Rebecca Howard July 4 (BusinessDesk) - Westland Co-Operative Dairy Company shareholders overwhelmingly supported a takeover bid by Hongkong Jingang Trade Holding, a unit of Inner Mongolia Yili Industrial Group Co. Of 2,775 votes available able for voting today, there were 2,484 favour, 165 against and 10 abstentions. More than 96 percent voted. Of the total votes able to be cast, 90 percent were in favour.  In order to pass, 75 percent needed to vote and of those, 50 percent had to back the plan.  Chairman Pete Morrison said shareho...

More Primary Sector

The NZ innovator trying to transform mastitis detection
Primary Sector

The NZ innovator trying to transform mastitis detection

The disease costs the dairy industry $180m a year.

Riley Kennedy 17 Jan 2025
Best of BusinessDesk: High hopes at Dairy Goat Co-op
Primary Sector

Best of BusinessDesk: High hopes at Dairy Goat Co-op

Alastair Hulbert's job is to turn the fortunes of the co-operative around.

Riley Kennedy 17 Jan 2025
Fed Farmers has 'no proof' of collusion, ANZ says
Primary Sector

Fed Farmers has 'no proof' of collusion, ANZ says

Federated Farmers has called on NZ banks to pull out of the Net Zero Banking Alliance.

Greg Hurrell 17 Jan 2025
GDX LP's liquidators wants $600k set aside
Primary Sector

GDX LP's liquidators wants $600k set aside

Genetic Development (NZ) Exports Limited Partnership collapsed over two years ago.

Riley Kennedy 16 Jan 2025