Strong growth for Yili's NZ operations
Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.
On July 4 Westland supplier shareholders meet to vote on Yili’s offer of $3.41/share.
The co-op’s largest shareholder, Southern pastures is abstaining from the vote. State-owned farmer PAMU, also a Westland supplier, hasn’t made up its mind yet on how it will vote.
Also reports of a big bonus to executives should the Yili deal go through is causing concern among some shareholders.
What seemed like a straight forward vote a couple of months ago is now looking slightly shaky.
