Applicant
Super Organic Dairy Company Limited
Case number(s)
201520012
201520067
Decision date
Type
Decision
Decision Consent granted
Section 12(a) Overseas Investment Act 2005
Decision Date 8 December 2015
Investment

Consent has been granted to:

  • an overseas investment in sensitive land, being Super Organic Dairy Company Limited’s (“Super Organic”) acquisition of a freehold interest in approximately 770.7510 hectares of land at Waikino Station, Te Putu Road, Waihaha; and
  • an overseas investment in sensitive land, being Southern Cross Dairy Sheep Technology Limited (“Southern Cross”) acquisition of a leasehold interest in approximately 770.7510 hectares of land at Waikino Station, Te Putu Road, Waihaha.
Consideration Land purchase – $11,680,000
Rental of Land – 2016 rent is $48,000
Applicant

Super Organic Dairy Company Limited
Liang Chen, China, People's Republic of (40.0%)
Liwu Zhou, China, People's Republic of (36.0%)
Binlan Dang, China, People's Republic of (20.0%)
XiaoFang Han, China, People's Republic of (4.0%)

Super Organic Dairy Company Limited
Liang Chen, China, People's Republic of (28.0%)
Liwu Zhou, China, People's Republic of (25.2%)
Peter Thomas Gatley, New Zealand (15.0%)
Jacob Abraham Poulus Chardon, Netherlands (15.0%)
Binlan Dang, China, People's Republic of (14.0%)
XiaoFang Han, China, People's Republic of (2.8%)
Vendor Christine Anne Phillips and Michael John Phillips as trustees of the Royden Trust
New Zealand (100%)
Background

Super Organic has been established to invest in sheep milk related ventures in New Zealand.  Southern Cross, owned by Super Organic and two key New Zealand management personnel, will lease the land from Super Organic.

The farm on the land will become a base for a genetic improvement programme for dairy sheep. The farm will also be used as a demonstration farm to provide New Zealand farmers with a template to carry out their own farm conversions.

Most of the sheep milk products produced from the land are likely to be exported to China.

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
17(2)(a)(i) – Jobs
17(2)(a)(ii) – New technology or business skills
17(2)(a)(iii) – Increased export receipts
17(2)(a)(v) – Additional investment for development purposes
17(2)(e) – Walking access

Overseas Investment Regulations 2005
28(f) – Advance significant Government policy or strategy
28(i) – Economic interests
More information Pavanie Edirisuriya
DLA Piper New Zealand
Level 22
DLA Piper Tower
205 Queen Street
Auckland