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’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…

Chinese buying big in Australian agribusiness

CHINA’S investment in Australian agribusiness has tripled in just one year as China strives to meet rising demand for high-quality food among its growing middle class. In 2016, Chinese companies invested $1.2 billion in Australian agribusiness, three times the investment of $375 million in 2015, shows a report form financial services provider KPMG and the…

Native title amendment the final hurdle for Adani megamine

THE Adani megamine is expected to be signed and sealed within a fortnight and the first of up to 600 workers will start to fill its Townsville office next month. The company is in the final phase of its negotiations and approvals. The last stumbling block is whether Labor will support the native title amendments…

Batlow Apples purchased by foreign investors

ONE OF the Riverina’s biggest brands has been purchased by foreign investors.  Batlow Apples will receive a $10 million dollar injection, in exchange of 63.3 per cent of the company’s shares, which will now be held by Ausfarm Fresh Group.  Thursday’s decision came after board members unanimously voted to accept the industry heavyweight’s proposal. Chairman…

AusPost sells historic Sydney GPO to Singapore Giant Far East 

Singapore’s giant Far East Organization has swooped on the freehold of the historic Sydney GPO with a deal in train that will see the company own the bulk of the complex in a $150 million purchase. The group, which already owns a portion of the Sydney landmark, is buying the historic post office space and…

Turnbull government will sell Badgerys Creek airport on completion

The federal government has confirmed it will sell the second Sydney airport at Badgerys Creek soon after it is built, following the Sydney Airport Corporation’s decision to reject taking on the project because it was too risky. After an announcement by Malcolm Turnbull that the project would now be part of the infrastructure package in…