18-10-2012 09:13 AM | New Zealand

Crafar farms deal passes final hurdle

Chinese company Shanghai Pengxin hopes to settle its purchase of the 16 central North Island Crafar farms before early December, after the Supreme Court threw out the last obstacle to the deal, an appeal by Maori trusts.

Pengxin, preferred bidder of KordaMentha, receivers for the dairy farming estate, has had to wait through 18 months of legal challenges and protests against the purchase.
Full Story : Stuff.co.nz