Erich Bachmann, Mathew Bishop and Julika Wahlmann-Smith of the Hesketh Henry Corporate & Commercial team and others in the firm acted for Juken New Zealand Limited, a subsidiary of Tokyo Stock Exchange listed company, Wood One Co. Ltd, in the sale of its shares in Juken NZ Northern Plantations Limited ( JNNPL) to Summit Forest Management of NZ Limited, a subsidiary of Sumitomo Corporation of Japan for a consideration exceeding NZ$100m. JNNPL owns or controls an interest in approximately 8030 hectares of leasehold land and 816 hectares of freehold land located in Northland. The transaction was completed in March 2013.