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 60 per cent. 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.
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.