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Summit sees $50m deal for kiwi packing facility in New Zealand

Ngati Kahungunu Iwi chairman Ngahiwi Tomoana said the Taniwha Dragon Summit has seen several deals made on its second and final day. One deal was for a $50 million kiwifruit packing facility in Hawke's Bay.

According to Shanghai Pengxin president of investment Terry Lee, the failure to receive government permission to buy Lochinvar Station near Taupo showed it was going to be "very difficult" to buy land in New Zealand and a way forward was joint ventures.

Australian Deputy High Commissioner Andrew Cumpston agreed with this point said Australia and New Zealand were strategic partners for trade with China.

source: nzherald.co.nz

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