Silver Fern Farms and Shanghai Maling are continuing to work towards completion of the $261 million investment and partnership.
With more time required to meet information requests from the Office of Overseas Investment (OIO), the parties are in the process of agreeing an extension to the 30 June 2016 date to meet the OIO’s approval condition.
Chief executive Dean Hamilton stated “We continue to believe that we will achieve approval, however we need to allow more time to provide the required information and then for the OIO and Ministers to have sufficient time to review”.
As a consequence of the anticipated extension, the July 11 special meeting has been deferred and a new date for the shareholder requisitioned meeting will be set to allow the Notice of Meeting to be updated and distributed to shareholders with adequate time to review.
The company says it will continue to keep shareholders informed.