Pure 100 Farm Limited, directed by Shanghai-based billionaire Zhaobai Jiang, is a New Zealand registered company that has entered into a sale and purchase agreement to buy the 3,843 hectare Lochinver Station near Taupo which has a capital value of $70.6 million. It is currently awaiting approval from the Overseas Investment Office to proceed with the deal. The company is wholly-owned by the NZ registered company Milk New Zealand Holding Ltd (Co. no. 3883536) which is wholly owned by the NZ registered Milk New Zealand Investment Ltd. The latter company, wholly owned by Hong Kong registered Milk New Zealand Holding Ltd, was incorporated and registered in the tax-haven – British Virgin Island (BVI) according to a June 2014 Report by Hunan Dakang Pasture Farming Co Ltd. The NZ Companies Office website provides no hint that this investment company is an overseas company and only provides a NZ contact address for it: “Suite 1, 139 Vincent Street, Auckland Central, Auckland, 1010, New Zealand”.