15 Oct 2015

Shanghai Pengxin to take legal action

10:13 am on 15 October 2015

A Chinese-owned company is taking legal action against the Government's move to ban it from buying Lochinver Station.

The Government last month declined an application from Shanghai Pengxin to buy the large central North Island farm for $88 million.

It said the benefits to New Zealand were not substantial and identifiable.

Now the company is seeking a judicial review of the decision.

It said the aim was to get clarity on what criteria were used when assessing sales of this kind to overseas investors.