Chinese fruit exporter Golden Wing Mau Agricultural Produce obtained 19.99 percent of T&G shares. The Chinese giant offered a premium of 18 percent. With this purchase, Golden Wing Mau is the second largest shareholder of the New Zealand company.
The Chinese giant paid 2.95 dollar per share, and, by doing so, acquired 13.2 million shares of Bartel Holdings, the investment fund of late managing director Michael Dossor. For the same price, 11.3 million shares changed hands between Tiger Ventures and the Chinese company. The Chinese paid 72.2 million dollar for the shares, which is on top of the market value of 61.3 million dollar.