Shanghai billionaire's company gets $20,000 penalty over $56.4m Northland investment - News Summed Up

Shanghai billionaire's company gets $20,000 penalty over $56.4m Northland investment


The rolling country at Carrington Estate. Photo / suppliedA company owned by a Shanghai billionaire has been fined $20,000 for failing to get consent after a shareholding change affecting ownership of the 1118ha Carrington Estate on the picturesque Karikari Peninsula in Northland. "The OIO imposed an administrative penalty of $20,000 for the retrospective consent. The Karikari Peninsula's Carrington Estate winery. It will also maintain Carrington Estate as a functioning business in a remote part of the country.


Source: New Zealand Herald September 01, 2021 03:00 UTC



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