Friday, 16 October 2015 10:45

SFF meeting underway

Written by Rural News Group

font size decrease font size increase font size
Print
Email

About 100 Silver Fern Farm shareholders have turned up for the company's special meeting in Dunedin.

The largest processing company, Silver Fern Farms (SFF), owned by 6200 farmer shareholders, has been offered the lifeline of a $261 million injection by Shanghai Maling, a Chinese company.

Shareholders will vote on the proposal today.

Chairman Rob Hewett thanked the shareholders for their strong interest in the company.

SFF chief executive Dean Hamilton told shareholders that the proposal gives the company a unique position in China.

"It will help us truly unleash our pasture to plate strategy," he says.

Voting results are expected around midday.

More like this

Blank Canvas rides white wine wave as New Zealand wine sales soar in China

If you find a new consumer in a developed wine market, you are taking them from someone else, says Blank Canvas co-founder Sophie Parker-Thomson MW.

NZ wine grapples with oversupply despite export gains

The large 2025 harvest will exacerbate the wine industry's "lingering" supply from recent vintages, New Zealand Winegrowers Chief Executive Philip Gregan told attendees at Grape Days events around the country in June.

NZ agribusinesses urged to embrace China’s e-commerce and innovation boom

Keep up with innovation and e-commerce in China or risk losing market share. That was the message delivered at the China Business Summit in Auckland this month.

Trust Chinese investors - banker

A Chinese business leader says Chinese investors are unfairly viewed as potential security risks in New Zealand.

Germany and New Zealand drive China’s white wine market growth in 2025

China's white wine market has experienced remarkable growth in recent years, with market penetration surging from 5% to 20%.

Featured

Editorial: We are Trumped

OPINION: Nothing it seems can be done in the short term to get Donald Trump to change his mind about removing the unfair 15% tariffs that he’s imposed on New Zealand exports to the US.

Record applications spur call for more farm trainers

A charity that connects young people with farmers for two years of on-farm training is reporting 150 student applications for its 2026 intake.

FMG Young Farmer of the Year Grand Final returns to Taranaki for Season 58

It’s been a long time coming, but the FMG Young Farmer of the Year Grand Final is returning to the Naki for Season 58.

Government appoints three new directors to Pāmu board

The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.

Patoa Farms’ Steve Sterne recognised for 27 years of excellence in pig farming

North Canterbury pig farmer Steve Sterne has been honoured with NZ Pork's Outstanding Contribution Award, recognising his 27 years of dedication to excellence in the sector.

Ravensdown opens state-of-the-art soil testing lab in Rolleston

Hawke's Bay's loss is Canterbury's gain with the opening of a new state-of-the-art soil testing laboratory for the Ravensdown subsidiary ARL (Analytical Research Laboratories) at Rolleston.