Cooks Global Foods said that it had formal commitment for the $4.5m investment from the Chinese firm.
The government's rejection of a sale underlines the arbitrary nature of the Overseas Investment Act.
Nevil Gibson discusses his latest Editor's Insight on NBR Radio and on demand on MyNBR Radio.
Government took too long to rule on acquisition of Lochinver, says overseas investment financier.
NBR reporter's Sally Lindsay and Chris Hutching talk about the Lochinver farm sale in Property Talk on NBR Radio and on demand on MyNBR Radio.