New Zealand 's Overseas Investment Office ( OIO ) has given the go - ahead for Nanjing Sinolife United to become sole owner of the New Zealand assets of Shanghai ##shi ##kai Tranche One Private Equity Partnership in a deal worth $ 23.8 m . Nanjing ##life currently owns 60 % of the food export business , which makes a range of products under the Good Health Products label that are exported to China from New Zealand . OIO clearance was required because land in Auckland designated as sensitive was involved .
New Zealand's Overseas Investment Office (OIO) has given the go-ahead for Nanjing Sinolife United to become sole owner of the New Zealand assets of Shanghai Fosu Weishi Tranche One Private Equity Partnership in a deal worth $23.8m. Nanjing Sinolife currently owns 60% of the food export business, which makes a range of goods under the Good Health Products label that are exported to China from New Zealand. OIO involvement was required because land in Auckland classified as sensitive was involved.