Landcorp withdrawal from the former Crafar farms

16 February 2016

The Overseas Investment Office (OIO) today clarified that Landcorp’s future withdrawal from the former Crafar farms will not breach any conditions of Shanghai Pengxin Group Limited’s consent.

Under the conditions, Shanghai Pengxin must contract Landcorp to manage the farms until May 2017, and  the consent conditions do not require the contract to be extended beyond that.

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