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Posted: 4/20/2016 6:33:40 PM EDT
Chinese-led deal to buy Australia's biggest farming estate

A joint Chinese-Australian group has reached an agreement to buy Kidman & Co, Australia's biggest farming estate.

The deal, which values the firm at A$370.7m (£201m; $289m), still needs approval from Australian and Chinese regulatory bodies.

A takeover had previously been blocked by Australia's Foreign Investment Review Board (FIRB).

It was concerned that part of the property was inside a military weapons testing range in South Australia.

Kidman has since taken the Anna Creek farm out of the sale.


Dakang Australia is to acquire 80% of the farm, while local partner Australian Rural Capital (ARC) will take the remaining 20%.

The sale comprises of areas covering 77,300sq/km - equal to 1% of Australia or an area bigger than Ireland.



http://www.bbc.com/news/36079584
Link Posted: 4/20/2016 6:52:03 PM EDT
wonder how many years before Aussie land is officially all Chinese?
Link Posted: 4/20/2016 9:25:56 PM EDT
Brunei already owns a halal producing chunk larger than the native land
Link Posted: 4/20/2016 9:29:00 PM EDT
Awesome!
Koala of sum yung guy.
Link Posted: 4/20/2016 9:31:12 PM EDT
Can't wait to see the restaurant menus.

General Tso's Wallaby

Dingo Fried Rice

Kangaroo Chou Mein

Link Posted: 4/20/2016 9:32:20 PM EDT
The Chinese have been converting their USD into tangible assets for quite a while now.

They want a chair when the music stops.
Link Posted: 4/20/2016 9:36:35 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By DRich:
Can't wait to see the restaurant menus.

General Tso's Wallaby

Dingo Fried Rice

Kangaroo Chou Mein

View Quote
Sweet and Sour Joey.
Link Posted: 4/20/2016 9:38:37 PM EDT
I've missed kangaroo meat since they cracked down on Jack in the box.
Link Posted: 4/20/2016 9:42:17 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Balforin:
wonder how many years before Aussie land is officially all Chinese?
View Quote


I think that was in a Heinlein book

Posted Via AR15.Com Mobile
Link Posted: 4/20/2016 9:43:13 PM EDT
Originally Posted By JBT:

A joint Chinese-Australian group has reached an agreement to buy Kidman & Co, Australia's biggest farming estate.

View Quote



Does Nicole come with it, cause I've got like $200 to throw in on this deal if so.
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