Tuesday, 20 August 2019 11:24

Wild West

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Two weeks after receiving their handsome payout from Chinese company Yili, it seems not all ex-Westland shareholders are laughing all the way to the bank.

Milking It hears that at least two farms there were put into receivership by banks last week. And given the disclosure of Fonterra’s troubles we might see more foreclosures. 

Farmers already complaining about banks’ heavy-handedness might find things get worse.

 
 
 

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