Shareholder dispute over Mataura Valley canning plant operator spills into court

Wed, 11 Oct 2017

By Paul McBeth Oct. 12 (BusinessDesk) - An ownership dispute over proposed milk processing facilities in Southland has hit the courts, with a jilted group of investors claiming to have missed out on a major opportunity to tap the Chinese market worth at least $227 million. The tussle harks back to September 2014 when Brian Wagstaff and Richard Young set up a company called Danpac (NZ) to build and run an infant formula factory and hold a minority interest in a site for a proposed milk powder processing factory that was to be owned by Mat...

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