Westland Milk shareholders vote to sell to Chinese company Yili

Just over 93 percent of farmer shareholders of Westland Milk yesterday voted to sell the entity to Chinese Company Yili. The company will be sold for around $588 million dollars after approval by the Overseas Investment Office. While the deal insures a competitive milk payout for the farmers for the next 10 years the sale of the NZ asset to a Chinese company has been criticised. Joining Indira is the Managing Editor of Newsroom Pro, Bernard Hickey.