Overseas investment decision for case 202100546 - BW Digital Pte. Ltd. | Toitū Te Whenua

Decision	Consent granted Sections 13(1)(a) and 12(1)(b)(i) Overseas Investment Act 2005
Decision Maker	Overseas Investment Office
Decision Date	3 May 2022
Pathway(s)	Significant business assets, residential but not otherwise sensitive land (non-residential use)
Investment	An overseas investment in significant business assets, being the Applicant’s acquisition of 100% of the partnership interest in Hawaiki Submarine Cable Limited Partnership, 100% of the issued shares of Hawaiki Submarine Cable General Partner Limited, and 100% of the issued shares of International Connectivity Services Limited (collectively Hawaiki Group). The Applicants will also acquire an interest in residential (but not otherwise sensitive) land.
Consideration	Withheld under s9(2)(b)(ii) of the Official Information Act 1982.
Applicant	BW Digital Pte. Ltd. Singapore (100%)
Vendors	HCL LP General Partner Limited as general partner of HCL Limited Partnership New Zealand (67.06%); Australia (30.00%); Various (2.94%) HCL LP General Partner Limited (as above); and HCL Founders Limited Partnership New Zealand (89.43%); France (5.00%); Singapore (2.09%); New Caledonia (3.48%); Alta Cable Holdings Limited New Zealand (100%); Palisade Subsea Investments Pty Ltd Australia (100%); Combes Investment Management Limited New Zealand (100%); Adrian Dick and Malcolm Dick New Zealand (100%).