Displaying items by tag: SHANGHAI MALING

A mate of yours truly reckons that those past-their-use-by-date has-beens Winston Peters and John McCarthy have been teaming up together in opposing the Silver Fern Farms/Shanghai Maling deal.

Sheepmeat has returned to profit for meat co-op Silver Ferns Farms (SFF).

In the short time Silver Fern Farms (SFF) has so far spent with its soon-to-be joint partner Shanghai Maling, the Chinese firm has begun ordering product made and packaged in NZ for sending shelf-ready to China.

Winston Peters has been at it again, hiding behind the cloak of Parliamentary privilege to deliver another conspiracy-riddled attack, this time on the directors and farmer shareholders of Silver Fern Farms.

Shanghai Maling's investment of $360m into Silver Fern Farms in return for 50% ownership is a game changer into a complex market, says SFF chief executive Dean Hamilton.

The new 50% owners of South island meat processor Silver Fern Farms were last week due to give their blessing to their joint venture deal.

Meat Industry Excellence (MIE) chairman Peter McDonald has become the first major casualty of Shanghai Maling's takeover of Silver Fern Farms; he resigned from his post late, last week.

MIE says they have received feedback alleging a double standard shown by their endorsed directors over the SFF joint venture with Shanghai Maling.

Your canine crusader suggests that while opponents of the proposed SFF/Shanghai Maling deal may have some genuine points to make, they are hampered by a number of major credibility issues.

Cooperatives have many positive benefits, but raising capital is not one of them.