Chinese billionaire Jiang Zhaobai has left the board of his New Zealand farming operation, although he isn't giving up on the nation's agribusiness sector. Jiang Zhaobai. However, he's still a director of a separate holding company that bought the former Synlait Farms group. Mr Jiang's Shanghai Pengxin ventured into New Zealand's farming in 2012 when it bought the Crafar farms out of receivership and later went on to buy the Synlait farms. "Jiang Zhaobai remains committed and supportive of New Zealand's agribusiness sector."

Source: Otago Daily Times November 15, 2016 03:30 UTC