Australian Rural Capital joins forces with Shanghai Pengxin Group for Kidman pastoral empire
- ABC
- 08 Mar 2016
An Australian investment company has joined forces with a leading Chinese bidder for the iconic Kidman pastoral empire.
An Australian investment company has joined forces with a leading Chinese bidder for the iconic Kidman pastoral empire.
Pengxin, a little-known Shanghai real estate developer that owns Theland milk powder, will become the world’s largest private landowner if Australia’s authorities clear its most ambitious bid yet.
Billionaire trucker Lindsay Fox is making a late bid to keep Australia’s largest outback cattle empire in local hands with a push to buy the sprawling S. Kidman & Co stations that are set to fall into Chinese hands.
China ha aceptado firmar tratados comerciales que la obligan a importar alimentos, y ha implementado políticas que favorecen el desarrollo de fincas de mayor tamaño y de inmensas corporaciones del agronegocio y la alimentación
La Chine a accepté des accords commerciaux qui obligent le pays à importer des denrées alimentaires et mis en place des mesures favorisant le développement des grandes exploitations et d’énormes entreprises alimentaires et agroindustrielles.
Over the past couple of decades, China has embraced trade agreements that oblige it to import foods and implemented policies that favour the development of larger farms and massive agribusiness and food corporations.
The level of Chinese investment in the Australian beef supply chain appears certain to increase as China hunts for new food sources to feed its one and half billion citizens. Nine Chinese companies have outlaid almost $430 million on Australian beef cattle holdings and downstream red meat supply chain.
Dakang New Zealand Farm Group, which is 55 percent owned by Shanghai Pengxin, has quit efforts to buy 10 farms in Northland, citing five months of silence from the Overseas Investment Office.
Dairy investors John Penno and Juliet Maclean are selling out of Chinese-controlled Purata Farms, the Canterbury corporate they founded 15 years ago as Synlait Farms.
New Zealand's government on Thursday blocked the NZ$88 million ($56 million) purchase of a local farm by China's Shanghai Pengxin amid public concerns about foreign land ownership.
Pengxin's attempt to transfer New Zealand assets to Chinese agricultural company Hunan Dakang in the middle of seeking approval to buy 14,000 ha sheep and beef farm seen as "bizarre".
Chinese conglomerate Shanghai Pengxin Group Co Ltd is set to become the largest farmland owner in Australia if it is successful in the acquisitions of two cattle farms for A$1 billion ($720 million).
Russia seizes assets of agricultural firm AgroTerra
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