(MENAFN) The New Zealand government has approved an application under the Overseas Investment Act 2005 for a Chinese-owned company to purchase land to expand the existing Otakiri Springs water bottling plant near Whakatane.
According to the land information minister, the decision is conditional on Cresswell NZ Ltd providing an additional 60 fulltime jobs and getting the resource consents it needs under the Resource Management Act (RMA).
According to the land information minister, the decision is conditional on Cresswell NZ Ltd providing an additional 60 fulltime jobs and getting the resource consents it needs under the Resource Management Act (RMA).
The approval means Creswell NZ Ltd can purchase a freehold and leasehold interest in approximately 6.2 hectares of land at Otakiri, near Whakatane in the North Island.
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