Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Te Ohu Kaimoana on leaked correspondence


Statement from Te Ohu Kaimoana

Te Ohu Kaimoana, the Maori Fisheries Trust, said today that internal correspondence between the boards of Te Ohu Kaimoana and Aotearoa Fisheries Limited (AFL) that was leaked to the media was part of ongoing discussions between the two organisations.

The Chief Executive of Te Ohu Kaimoana, Mr Peter Douglas, said it was not appropriate for details of those ongoing discussions to be made public because they were sensitive commercial matters.

The board of Te Ohu Kaimoana met in Wellington on Friday 20 May 2011, endorsed and supported Mr Ngahiwi Tomoana’s leadership and confirmed him as chairman for the remainder of his term.

Te Ohu Kaimoana is the sole shareholder of Aotearoa Fisheries Limited (AFL) and appoints its board. AFL, in turn, manages the 50 percent shareholding in New Zealand’s largest seafood company, Sealord Group Ltd, which is ultimately owned by Te Ohu Kaimoana. The other 50 percent shareholder in Sealord is Japanese seafood giant, Nippon Suisan Kaisha, Ltd.
ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:

Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>

ALSO:


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: