Friday, 16 October 2015 11:21

Deal attracts support

Written by Rural News Group

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Most shareholders are speaking in support of Silver Fern farms' deal with Chinese company Shanghai Maling.

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.

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