Hong Kong based investors who recently took a 51 percent stake in northern NSW export beef processor, Bindaree Beef have plans to further develop their Western Australian grazing property investments, purchased in April last year.
Australian beef processor Bindaree Beef announced it has sold a 51 percent controlling stake in the family-owned company to Hong Kong-Australian billionaire, Hui Wing Mau, and Beijing-based equity fund Archstone Investment for approximately $120 million.
Even before Lu Xianfeng completed the $280 million purchase of Australia's largest dairy farm in April 2016, the Chinese billionaire was looking to sell. In a messy proposal, Mr Lu planned to offload his holding in the historic VDL to a Chinese listed vehicle he controlled.
Hassad Australia, a $469 million farming company and wholly owned subsidiary of Qatar’s sovereign wealth fund has sold the Clover Downs Station located in Queensland, Australia, to farmer Bill Zell for $27 million.
Legendary waterfront warrior Chris Corrigan could soon have one of the world’s top investors — Canada’s Public Sector Pension Investment Board — as the main shareholder in his Australian listed agricultural company, Webster Limited.