Silver Fern Farms

A Chinese firm's application to purchase a 50 percent stake in Silver Fern Farms has been approved by the Overseas Investment Office.

A group of shareholders of meat processor Silver Fern Farms have failed to stop the company's Chinese joint venture at a special meeting. Audio

The Silver Fern Farms board unanimously supports a partnership with Chinese company Shanghai Maling.

Silver Fern Farms and Shanghai Maling say they're expecting to finalise and put into effect a $261 million cash injection by early next year.

Meat processing company Silver Fern Farms is seeking a time extension for official approval of its controversial deal with a Chinese company.

Silver Fern Farms is proposing closing its Islington venison processing plant in Christchurch and building a new venison processing plant at its Pareora site in South Canterbury.

Shanghai Maling shareholders have endorsed the proposed merger with Silver Fern Farms.

A big player in the local meat industry has its doubts that Silver Fern Farms is still a co-operative, after the Chinese joint venture deal.

The decision by Silver Fern Farms' shareholders to forge ahead with a Chinese joint venture has removed uncertainty from the sector, according to a meat industry commentator.

Silver Fern Farms shareholders have voted 82 percent in favour for a joint venture deal with Chinese company Shanghai Maling.

Silver Fern Farms has challenged an alternative proposal to its deal with China's largest meat processor, Shanghai Maling, calling it a mystery and urging shareholders to ignore it.

The chairman of a farmer-led meat industry group is hoping another investment offer will be put before Silver Fern Farms this week.

The Meat Industry Excellence Group is urging Silver Fern Farms' shareholders to carefully scrutinise a proposal to go into a 50-50 partnership with a Chinese company.