Silver Fern shareholders to vote again on Shanghai Maling deal in July

Fri, 27 May 2016

By Paul McBeth May 27 (BusinessDesk) - Shareholders of meat processor Silver Fern Farms will have a second vote on whether to approve its planned tie-up with China's Shanghai Maling Aquarius in July, though the board intends to go ahead with the deal irrespective of the outcome. The cooperative today set the meeting for July 11 in Dunedin where shareholders will vote on approving the proposed partnership and restructure, where the Chinese firm takes 50 percent ownership of the meat processor in return for $261 million of cash, a special...

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