Silver Fern shareholders vote 80.4% in favour of sale to Shanghai Maling at special meeting

Fri, 12 Aug 2016

By Jonathan Underhill Aug. 12 (BusinessDesk) - Silver Fern Farm shareholders have reaffirmed their support for the sale of a controlling stake in New Zealand's biggest meat exporter to China's Shanghai Maling Aquarius for $261 million at a special meeting called by a minority opposed to the deal. Some 2,610 shareholders voted, representing 62.2 percent of eligible votes, with 80.4 percent cast in favour of the deal. The transaction was originally put to a vote in October last year, attracting 82 percent support, and easily surpasses the 7...

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