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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.
Silver Fern Farms has tackled the ongoing war-induced shipping challenges to mideast markets by airlifting 90 tonnes of chilled New Zealand lamb and beef to the United Arab Emirates.
Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.
Silver Fern Farms has announced a major capital investment valued at over $100 million to redevelop freezing, cold storage, and automation facilities at its Finegand Site near Balclutha.
Silver Fern Farms chief executive Dan Boulton says the meat processor wants to find ways of getting product destined for Middle East markets into those markets as opposed to try and place them elsewhere.
Rural retailer Farmlands has released it's latest round of half-year results, labeling it as evidence that its five-year strategy is delivering on financial performance and better value for members.
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Silver Fern Farms has tackled the ongoing war-induced shipping challenges to mideast markets by airlifting 90 tonnes of chilled New Zealand lamb and beef to the United Arab Emirates.
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