The Hong Kong based Company, funding the deal of 16 Crafar farms had placed a full page advertisement in the New Zealand Herald today, stating that there is some ambiguity in the conditions regarding the takeover and so the Company wants to avail the opportunity.
In last October, a total of 13 dairy and 3 dry stocks were in receivership.
In the ad, the Company has stated that the total area for which the Company is bidding, is less than 0.5% of 8,615ha, the entire dairy farmland in New Zealand. The milk from 25,000 cows will be used for manufacturing of UHT long-life milk and infant formula, the added-value milk products for Chinese market.
Glenys Christian, Editor of Dairy Exporter magazine quoted that the Company is going for the direct approach.
In the poll conducted by 3 News Reid Research, 1000 voters participated and 75.5% voted in favor of the tightening of the laws for selling of farms to foreigners.
In a statement to 3 News, spokes person of Natural Dairy said, "The best place to make high-value milk products is the place where quality has always been of the highest standard; and that place, we believe, is right here in New Zealand".
Natural Dairy, registered in Cayman Islands, is planning to build milk processing plant in New Zealand, generating 120 fresh jobs and will generate revenues of more than $120 million by 2012.