Displaying items by tag: SHANGHAI MALING

Silver Fern Farms shareholders have approved the joint venture with Chinese company Shanghai Maling.

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

Silver Ferns Farm chairman Rob Hewett says the deal with Shanghai Maling wasn't done after "a behind the bike shed discussion".

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

Lobby group Meat Industry Excellence (MIE) says Silver Fern Farms shareholders must carefully scrutinise the proposed joint venture with Shanghai Maling.

MIE chairman Peter McDonald says the Silver Fern Farm (SFF) deal may be the last decision of significance that shareholders get to vote on.

Dean Hamilton, SFF chief executive says the Shanghai Maling transaction has significant financial upside compared to the sketchy details in the mystery underwrite proposal put forward, with little real detail, by shareholder John Cochrane.

The recent media statements from shareholder John Cochrane are "a total unknown and should be treated with extreme caution" says Silver Fern Farms.

Since the SFF/Shanghai Maling deal was announced earlier last month some SFF shareholders, and other critics, have expressed concerns about the implications of foreign investment.

A farmer-backed consortium was planning to take to Silver Fern Farms a counter-offer to the $261 million buy-in by Chinese company Shanghai Maling, according to conjecture within the industry.