Celebrating 25 Years of Scoop
Final Settlement Completed With Shanghai Maling
‘Silver Fern Farms Co-Operative And Shanghai Maling Complete Final Settlement’
Dunedin 2 October 2017: Silver Fern Farms and Shanghai Maling have agreed the full and final subscription price of $260m in cash for the 50:50 partnership following the completion of the settlement date audit and all relevant adjustments.
Silver Fern Farms Co-operative chair Rob Hewett says the final figure of $260m for the 50 percent share of the business is consistent with the $261m original estimate but slightly below the $267m estimate announced in November as a result of final net asset adjustments.
ENDS
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