Overseas Investment Office decision to grant approval for the takeover of Westland Milk Products by Chinese company Yili.
In August farmers voted by an overwhelming 94 per cent in favour of the $558 million offer, followed by the OIO decision several weeks later.
Social Credit leader Chris Leitch said Yili was the largest milk processor in China and was 25 per cent owned by the Chinese government. The takeover had left Fonterra the only significant New Zealand-owned processor of milk products.
He said the Government had “sat on its hands” while the sale process went through.

The party was concerned the OIO may have failed to apply a much stricter set of criteria under the Overseas Investment Act 2005 which would have seen Ministers, not the OIO, make the final decision.
He said a ministerial directive to the OIO in November 2017 clearly set out criteria on how such applications should be considered.
“We want to see New Zealanders reaping the benefits of that world leadership in the primary sector, not overseas shareholders,” he said in a statement.
“There’s a tidal wave of applications from overseas entities that want to snap up the best agricultural land and agricultural and horticultural businesses that New Zealand has, so we’re taking a stand on the issue”.