Shanghai-based conglomerate Pengxin redirected the $US400 million it was prepared to pay for Australia's largest private land holding, S. Kidman & Co, into investments in Brazil after it was snubbed by then treasurer Scott Morrison in 2016.
A Danish government investment fund is one of four investors in a huge new pig breeding and processing project that has just broken ground in northern China.
- Global Meat News
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08 June 2017
The amount of agricultural land owned by Chinese interests has soared above 3 million hectares, more than double the 1.46 million declared by the Australian Taxation Office last month, according to a Fairfax Media analysis of reported land sales.
Milk NZ, the local unit of Chinese investor Shanghai PengXin Group, is facing new hurdles with its New Zealand investment plans after being knocked back by the government last year over its proposed $88 million purchase of Lochinver farm.
A China-led consortium seeking to buy Australia's S. Kidman & Co will hold off on a fresh bid for the country's largest agricultural land owner amid concerns it could be derailed by a more protectionist new government, two sources with direct knowledge of the matter said.
Australia has granted a three-year extension for a Chinese company to reduce its 80 percent stake in Australian cotton farm Cubbie Station after it indicated it could not meet the October 2015 deadline.
The processes of the Overseas Investment Office are proving to be a barrier to some companies looking to buy New Zealand land.
A unit of China’s Shanghai Pengxin Group Co. bought a controlling stake in Brazil’s soybean trader and biodiesel maker Fiagril Ltda for $286 million, marking the first major Chinese acquisition of an agricultural company in Brazil.
The suitors led by Shanghai Pengxin Group will instead work on a new structure for the takeover of S. Kidman & Co., while sticking with the same price tag for the 117-year-old cattle company.
Évoquant l’intérêt national du pays, le gouvernement australien est intervenu vendredi pour empêcher un consortium chinois d’acheter le plus vaste bien foncier privé du pays.
La Chine va acheter une marque nationale australienne, l’entreprise S. Kidman and Cо, dont les terres agricoles occupent 1 % du territoire australien.
- Contrepoints
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23 April 2016
Australia’s largest pastoral cattle empire, S. Kidman and Co., has agreed to be sold to a Chinese-led consortium for 370.7 million Australian dollars (US$287.3 million), continuing a flurry of deals in the country’s agricultural sector. Earlier proposed deal was rejected by the government last year.
- Wall Street Journal
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19 April 2016