Displaying items by tag: Silver Fern Farms

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.

West Otago farmer Allan Richardson will contest the South Island director for the Farmlands cooperative.

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.

Alliance Group is out to entice dissatisfied Silver Fern Farm suppliers and shore up support of its own in 24 roadshows around the country, which kicked off last Thursday.

Any opportunity to cooperate with Silver Farm Farms should continue to be pursued, says Alliance shareholder Jeff Grant.

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.

Meat Industry Excellence (MIE) says Silver Fern Farms shareholders need to carefully scrutinise the capital-raising proposal put forward by the cooperative’s board.