The move comes as the seaweed pioneer tries to raise up to $1 million in seed capital.
The Blenheim-based seafood business was purchased by interest associated with Anna and Luigi Muollo.
New Zealand honey insiders have differing opinions on the extent of honey dumping, but MPI says it is not aware of any issues regarding mānuka honey exported to China.
Slumping China sales and restructuring costs drive second year of red ink for meat co-op, but management see green shoots.
Growers told payout will be 66 cents a tube this season, nearly a third of initial forecasts.
Company blames ‘recent headwinds’ as growers’ returns could tumble to 67% below initial guidance.
Co-op reports significant buyer interest as milk price forecast raised.
Public-private joint venture AgriZeroNZ reported its first full set of financial results, with a loss of $7.85 million.
Northington Partners analysis endorses $3b+ value for co-op’s potential divestment.
China Resources says a change in strategic direction is the reason for the sale.