| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 28 January 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1,921.2706 hectares of land at State Highway 1, near Puhoi, Northland. |
| Consideration | CONFIDENTIAL |
| Applicant | Ding Furu Singapore (100%) |
| Vendor | Prime Resources Company Limited New Zealand (91.204%) South Korea (8.796%) |
| Background | The Applicant intends to reside in New Zealand indefinitely. His application for residence under the Professional Investor Category has been approved in principle by Immigration New Zealand, and he is currently making preparations to reside in New Zealand indefinitely. The overseas investment transaction has satisfied the relevant criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Anne Candland Buddle Findlay (Wellington) PO Box 2694 WELLINGTON 6140 |