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MyFarm $13m Rockit apple investment offer closes oversubscribed

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MyFarm Investments, which pools funds for rural investment, says its $13 million offer for growing miniature Rockit snack apples has closed oversubscribed.

The offer, under the Rakete Orchards Ltd Partnership, closed on December 15 having attracted 67 investors with an average investment of $195,000, the company says. The partnership will lease and fund the planting of 55ha of the Rockit apple variety in four orchard blocks in the Heretaunga Plains of Hawke's Bay.


© The National Business Review