China’s new beef tariffs expected to favour New Zealand exporters
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
At least six shareholders spoke in favour of the deal; only one spoke against at its annual meeting in Dunedin today.
Shareholders welcome the extra capital that Shanghai Maling will inject into the company; it will put $261 million in return for a 50% stake in the co-op.
Shareholders are expected to back the deal.
