Shanghai Pengxin head Jiang Zhaobai exits NZ farming operation's board

Tue, 15 Nov 2016

By Paul McBeth Nov. 15 (BusinessDesk) - Chinese billionaire Jiang Zhaobai has left the board of his New Zealand farming operation, though he isn't giving up on the nation's agribusiness sector. Jiang retired as a director of Milk New Zealand Holdings, the vehicle which owns the former Crafar family farms, on Nov. 1, Companies Office filings show. However, he's still a director of a separate holding company that bought the former Synlait Farms group. Jiang's Shanghai Pengxin ventured into New Zealand's farming in 2012 when it bought t...

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