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

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