| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 8 May 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 14.3900 hectares of land at Lot 12, Matawai Forest, Gisborne. |
| Consideration | $152,000 |
| Applicant | I-Lun Chien China, People's Republic of (100%) |
| Vendor | Liyoung Forestry Limited Li-ly Chang, New Zealand (90%) Wei-young Wang, New Zealand (10%) |
| Background | The Applicant intends to grow the existing forest to maturity, harvest and then replant the land. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors: Overseas Investment Act 2005 |
| More information | Royal Reed Prestige Lawyers PO Box 305379 Triton Plaza AUCKLAND |