Aus owned Ansell sells condom division to Chinese consortium for $800 million

After 112-years of Australian ownership Ansell will sell its condom business to a Chinese consortium for $800 million. Ansell says the time is right to exit the fluctuating sexual wellness market and focus on rubber gloves. Ansell’s history dates back to 1905, when Eric Norman Ansell bought a condom machine from his employer, the Dunlop…

Harold Mitchell cattle station $70m deal sold to wealthy Chinese businessman.

Media man Harold Mitchell has sold his burgeoning cattle station empire in Australia’s Kimberley region in Western Australia for more than $70 million. The sale, which includes APN Outdoor chairman Doug Flynn’s stake as well, is understood to have been acquired by a wealthy Chinese businessman. In 2015 Mr Mitchell appointed KPMG and ANZ to…

Bega private hospital sold to Chinese-owned health operator

Bega Valley Private Hospital has new corporate owners after a deal worth $155million was announced early Wednesday. Healthe Care Australia, the country’s third largest corporate private hospital operator, confirmed the acquisition of Pulse Health’s 13 hospital portfolio. This includes the private medical and day surgery facility in Bega. The Pulse acquisition follows Healthe Care’s April…

China rock lobster deal under fire in WA 

A veteran of WA’s rock lobster industry has hit out at a deal that allowed a Chinese conglomerate to buy local fishing rights. Peter Prideaux said the deal between Kailis Bros and Legend Holdings to create KB Foods set an alarming precedent for foreign ownership in the fishery. “The Western Rock Lobster Fishery is one…

US-China deal threatens Australian beef and gas

A trade deal between the US and China announced on Friday will help ease diplomatic tension between the two superpowers but it could pose some problems for Australian gas and beef exporters. The White House announced a 10-point agreement on Friday which will allow the US to start exporting LNG and beef to China and…

Murray Goulburn hit by China customs crackdown 

Back in 2016 – While China starts to limit products that are brought into China from Australia, our government continues on unabated at selling Australia off to the Chinese.  The FTA allows imports from China freely into our market… But we are limited on what we can export to their country ? Who signed the…

Foreign investment jumps 29 per cent to $248 billion last year

Victoria has emerged as the focus for overseas buyers of Australian homes, attracting 44 per cent of residential purchases by foreign investors last financial year. NSW, with 32 per cent of residential home purchases, was the second most popular state for an inflow of foreign property investment, according to the Foreign Investment Review Board’s 2015-16…

Chinese bank ‘Australian training money’ used as genuine $100 notes in Darwin

Fake Australian $100 notes supposed to be used to train Chinese bank tellers have made their way to Darwin where people are using them illegally. Northern Territory Police have warned people to look for the notes, which are marked with Chinese characters that reportedly translate as “Training Money. SAMPLE. Only for practice. Circulation Forbidden”. The…

Export demand predominantly to China creates orange shortage in Australia 

The citrus growing region of Mildura in Victoria, last year’s record export season saw more than a third of Australia’s citrus fruit exported. The current shortage was partly fuelled by the record 2016 citrus export season, which saw demand from overseas markets, predominantly China, absorb the vast majority of Valencia supplies before Christmas. This season’s…

China’s growing appetite for protein drives beef boom

The mining boom may be over but Australia’s beef cattle bonanza appears to be continuing ­unabated. Almost daily, there is news of wealthy Chinese investors snapping up vast northern cattle stations for multi-million-dollar sums. The Foreign Investment Review Board is believed to have approved on Monday a newcomer’s bid to buy a $100 million cattle…