Chinese companies are stepping up New Zealand investment after two big approvals were granted.
China Mengniu Dairy Company, listed on the Hong Kong Stock Exchange, can go ahead with a $212 million Waikato dairy investment.
The Overseas Investment Office (OIO) said China Mengniu controlled 68 per cent of Yashili New Zealand Dairy Co which is building a Pokeno milk processing plant to make paediatric milk powder products.
That deal meets the necessary criteria under the Overseas Investment Act, the OIO said.
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Ling Hai Group, owned by China's Zongren Ling and family, has approval to buy 741ha of Marlborough land from Geoffrey and David Marfell and Castlebrae Vineyards for a secret sum for a wine and tourism deal.
"The applicant intends to acquire the land as part of its long-term investment in the New Zealand wine and tourism industry," the OIO said.
"The applicant intends to expand a vineyard located on the land, build a winery and construct new accommodation for visitors. More than half of the land will continue to be farmed for pastoral purposes."
SkyCity Entertainment Group had to get its $402 million convention centre deal approved because 25.26 per cent of its owners are Australian and it is spending $100 million-plus, above the threshold.
"The applicant has entered an agreement with the Crown to design, build, own and operate the New Zealand International Conference Centre.
"The construction of an international-sized convention centre is intended to boost the New Zealand economy through attracting high-value international business visitors to New Zealand and enhancing New Zealand as a business events destination," the OIO said.
"In addition, the NZICC is expected to generate additional employment opportunities, with 1000 people expected to be employed during construction and a further 800 employed directly at the convention centre once the NZICC becomes fully operational."