Australian-Chinese bid for massive cattle estate | Bangkok Post: news - News Summed Up

Australian-Chinese bid for massive cattle estate | Bangkok Post: news


SYDNEY - Australia's richest woman and a Chinese property developer joined forces Sunday to bid for one of the world's largest cattle estates, despite Canberra's rejection of previous foreign offers. After that, the Anna Creek station in South Australia next to a rocket testing range was separated out and is no longer included in the sale. The new bid will be partly funded by the sale of Anna Creek and will be subject to approval by Canberra and Beijing. Even without Anna Creek it represents two percent of agricultural land. It is a key source of beef for export to Japan, the United States and Southeast Asia.


Source: Bangkok Post October 09, 2016 09:45 UTC



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