The Overseas Investment Office (OIO) is continuing to look at whether UBNZ Funds Management Ltd, directed by Chinese busineswoman May Wang, breached the Overseas Investment Act 2005 by not obtaining required consents for the purchase of two farms on February 11, 2010, at Norsewood in southern Hawke’s Bay and Waitotara in south Taranaki, and two others four days later in the Manawatu. [Read more…]