130-year-old Brownes Dairy sold to Chinese firm.

One of Western Australia’s most recognised household dairy names — the 130-year-old Brownes Dairy — has been sold to a Chinese firm. Brownes chief executive Tony Girgis announced today the private equity group Archer Capital had sold the company to Shanghai Ground Food Tech, who they described as “experienced dairy operators who understand the industry”….

China’s rise a threat to Australia’s security

‘Overhaul nation’s defence strategy’ to handle China’s rise, experts warn Australia needs a new defence strategy to deter, and if necessary, defend itself against an increasingly powerful, aggressive China, two of the nation’s most experienced strategists have warned. Former senior Defence officials Paul Dibb and Richard ­Brabin-Smith say the nation faces an increased prospect of…

Chinese -owned Alinta energy bids on Vic coal power station Loy Yang B,

The future of another Australian coal-fired power station, Engie’s Loy Yang B, will be decided in the coming week. Street Talk understands Alinta Energy owner Chow Tai Fook Enterprises and Delta Electricity tabled final bids for the brown coal power station in Victoria’s LaTrobe Valley. Brookfield and China Resources were also said to have been in…

Chinese state-owned company in talks with Adani to bankroll mine

For years it has been a mystery where Adani would get the money to build its giant Carmichael coal mine in North Queensland. Now we may have the answer. The ABC has learned that a Chinese state-owned enterprise, China Machinery Engineering Corporation (CMEC), is in negotiations with Adani and its principal engineering and procurement contractor,…

ALP at crossroads on US and China

Labor defence spokesman Richard Marles says Australia faces “security anxieties” with China and has labelled Trump administration policies “repugnant” amid an internal foreign policy dispute. Mr Marles’ speech at the University of Oxford followed the ­release of Labor’s Future Asia policy — led by NSW MPs Chris Bowen and Jason Clare — and a push…

First Wellard cattle shipment to China: Australia China FTA

CATTLE exporter Wellard has made its first shipment of beef cattle to China for processing, under the Australia China Free Trade Agreement. Wellard says 2,000 Angus and Angus-cross steers sourced from Victoria and South Australia have left Portland in Victoria bound for Shidao in China’s Shandong province. The Chinese group Fulida had become the majority…

Foreigners in charge of Australia’s dairy destiny: Murray Goulburn sale

THE Australian dairy industry is no longer in charge of its own destiny. ANALYSIS: And the days of the large dairy co-operative are over. If Canada’s Saputo, with an annual turnover of $US8.4 billion last year, is successful in buying Murray Goulburn it would control up to three billion litres of milk in the Australian…

Murray Goulburn sold to Canadian – owned Saputo for $1.3 billion

CANADIAN family dairy company Saputo Inc has won the battle for Victorian-based dairy co-operative Murray Goulburn. Murray Goulburn has announced it has entered into a binding agreement to sell to Saputo Dairy Australia Pty Ltd, the Australian arm of the Canadian dairy giant, for $1.3 billion. The deal is subject to approval from the Foreign…

Government assures China over Adani mega- mine approvals

China has officially been informed the controversial Adani coal mine in Central Queensland has received all government approvals, Federal Attorney-General George Brandis has told Senate Estimates. Senate crossbenchers have questioned officials from the Department of Foreign Affairs and Trade (DFAT) in Senate Estimates. The questions were sparked by a Freedom of Information request to DFAT…

China buys QLD’s The Real Pet Food Company for $1bn

A Chinese-led consortium has struck a billion-dollar deal to buy a Queensland-based pet food giant to exploit the growth of “pet humanisation” in the United States and ultimately China. The majority owner of The Real Pet Food Company (TRPC), Quadrant Private Equity, has sold its interests to the Beijing-based Hosen Capital, China’s largest agribusiness company…

Chinese developers buy one-third of Australia’s sites in 2016

Chinese developers bought almost 40 per cent of the total $5 billion spent on Australia’s residential development sites in 2016, with a clear trend towards buying up land in far-flung Sydney and Melbourne suburbs, new research shows. Knight Frank’s report, The Rise of Chinese Developers in Australia, found Chinese developers bought $2.4 billion of residential development sites in…