Turangi Maori land trust brings in Chinese partners for sheep milk expansion

Tue, 05 Jan 2016

By Paul McBeth Jan. 5 (BusinessDesk) - Waituhi Kuratau Trust, the Turangi-based Maori land trust, has teamed up with Chinese interests to develop its sheep-milking interests as part of a plan to sell into the world's most-populous nation. The trust sold a leasehold interest in 490 hectares of land in Kuratau to Maui Milk for $1.2 million, which has been slated for development into a sheep dairy farm, according to the Overseas Investment Office summary approving the transaction. The trust owns 40 percent of Maui Milk, with the remainder h...

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