Crafar farm sale delay costly

PGG Wrightson has finally received repayment of loans over the Crafar Farms of about $25 million now the sale of the properties to China’s Shanghai Pengxin Group has gone through.

The people protesting about the sale for political reasons wouldn’t have considered the businesses which wouldn’t have got their money back until the deal was finalised.

The delay would have been costly for creditors and there are probably some who will still be owed money.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: