It has been reported that the empire of May Wang, who is basically a citizen of New Zealand born in China, is in more trouble as she is also under investigation by the OIO or the Overseas Investment Office.

It was also announced that the May Wang has a lot of trouble, with bankruptcy proceedings and her plan worth $1.5 billion in an attempt to get herself a piece of the dairy industry of New Zealand.

The UBNZ Funds Management, owned by May Wang, had actually purchased four dairy farms from North Island in the first few months of this year and it was revealed that two of the four farms were actually in a receivership with Nugen Farms Company, which is owned by Robert Crafar.

It is also a notable fact that the titles of the farm were actually transferred to another company which was owned by May Wang right after the purchase and about 20 per cent of that company was under the ownership of Natural Dairy Holdings.

It was reported that the OIO is currently investigating and trying to unravel all the farm purchases and the detailed information pertaining to it.