Yuan for Crafar

The infamous Crafar farms look set to be sold to the Chinese after all.
The offer from the Chinese Pengxin International Group for the 16 Crafar farms has been accepted by the receivers and they are awaiting the rubber-stamp from the Overseas Investment Office.

"Receivers Michael Stiassny and Brendon Gibson of KordaMentha said the Pengxin offer was "by far the best offer we have." It was now a case of waiting for OIO approval.


"We understand that the lodging of their OIO application is expected to occur in March," the receivers said.

Mr Key has said he doesn't want us to be 'tenants in our own country'. I hope he is keeping a close eye on how the very thing he talked about is unfolding.