date:Apr 03, 2013
Infant formula giant Yashili International Holdings revealed Tuesday it has received approval to become the latest Chinese player to invest in the New Zealand dairy industry.
Company chairman Zhang Lidian announced in a statement to the Hong Kong stock market that New Zealand's Overseas Investment Office (OIO), which considers all foreign investments valued at more than NZ$100 million ($83.96 million), had granted consent to Yashili's plans to build a milk processing plant.
The company reporte