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25 Aug 2019 9:52
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  •   Home > News > Law and Order

    The country's second biggest dairy co-op will be handed over to its Chinese buyers next month

    The country's second biggest dairy co-op will be handed over to its Chinese buyers next month


    The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company - for 588-million-dollars.

    Westland chair Peter Morrison says the court's approval was the last key condition for the sale to go ahead - after the Overseas Investment Office gave them the all clear on Tuesday.

    He says all shareholders will receive their money on August 1 - and Yili can officially take up the reins.

    © 2019 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    Dutchman Michael van Gerwen has won the New Zealand Darts Masters title, with a dominant 8-1 victory over compatriot Raymond van Barneveld in the final in Hamilton More...


    BUSINESS BUSINESS
    A Maori group says it'll take its legal battle over Sydney's largest business district to Australia's highest court More...



     Today's News

    Environment:
    How genetics could soon become the new frontier for advantage in sport 9:37

    Accident and Emergency:
    Two motorcyclists have been taken to hospital with critical injuries after their bikes crashed in Waihi 9:27

    Law and Order:
    Spies in our suburbs 9:17

    Law and Order:
    Dutchman Michael van Gerwen has won the New Zealand Darts Masters title, with a dominant 8-1 victory over compatriot Raymond van Barneveld in the final in Hamilton 8:17

    General:
    Lisa Carrington's romped to a seventh consecutive world title 8:07

    International:
    Why Macau hasn't been swept up by Hong Kong's pro-democracy protests 7:57

    Basketball:
    A poor third quarter has cost the Tall Blacks in their opening game of a pre-basketball World Cup four-team invitation tournament in China 7:57

    Business:
    A Maori group says it'll take its legal battle over Sydney's largest business district to Australia's highest court 7:47

    Rugby League:
    Stephen Kearney's aligning himself with an old Warriors adage of "keeping the faith" 7:37

    Cycling:
    Astana Pro Team has won the opening stage of cycling's Vuelta a Espana - a team time trial 7:27


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