Gina appoints former NT chief Adam Giles for new pastoral position  

Australia’s richest business woman Gina Rinehart is to have a presence in Darwin and former Chief Minister Adam Giles will be it.Mr Giles has been appointed the General Manager of External Affairs Pastoral for Australia and he will be basing himself in Darwin. The business presence of Ms Rinehart in Darwin has been welcomed by…

China’s need for land is ‘mind boggling’

China’s hunger for Australian agricultural land only the beginning The conditional $371 million purchase of Australia’s largest land holder S. Kidman & Co by China’s Dakang is the beginning of an ambitious plan by the country to secure more agricultural land and feed its population.   China was Australia’s largest source of foreign investment in…

FIRB approves Chinese Shanghai CRED WA Goldfields pastoral stations 

More than 400,000 hectares of pastoral land in Western Australia’s Goldfields region has been sold to the Chinese real estate conglomerate Shanghai CRED. Shanghai CRED is also part of a $365 million joint bid with Gina Rinehart’s Hancock Prospecting to purchase the Kidman cattle empire. Shanghai CRED paid around $2 million to purchase Melita, Jeedamya…

Chinese company set to become WA’s biggest landholder after farm deal

A Shanghai-based company taking Australian Rules football to China is poised to become WA’s biggest landholder after signing deals to buy stations in the Kimberley and Goldfields and farms on the edge of the Wheatbelt. The Shanghai CRED investment around cattle production in WA is separate to its big stake in the winning $370 million…

Yakka Munga cattle station WA sold to China 

A Chinese company which was part of the blocked bid for the Kidman cattle empire has finalised the purchase of a station near Broome despite attempts by One Nation senator-elect Rod Culleton to stop the deal. The Australian arm of Shanghai CRED paid Buru Energy close to $10 million for Yakka Munga station and cattle…

The Panama Papers: Chinese Rich Listers were top Australian clients

  Chinese billionaires dominate the top ranks of Australian clients of Panama law firm Mossack Fonseca, and new documents show the lengths to which the Panama law firm would go to protect them, as reported by The Australian Financial Review Mossack Fonseca’s Australian client list can be searched on the Australian Financial Review’s website from Tuesday morning as part of a release by the International Consortium of…

Australians say no to foreign ownership of the Kidman property – Keep it Australian owned. Hong Tao the chief investment officer of Pengxin Group, which is backing Dakang Australia Holdings, said: “it is unimaginable in China that you could own over 100,000 square kilometres of land. Some Chinese media reports had emphasised how incredible it…

Chinese will resubmit S.Kidman & Co offer after election

  The Chinese-led consortium that wants to buy the giant S.Kidman & Co property business is expected to pull its $370 million bid and resubmit it after the election. The revised bid is likely to include the sweetener of an increased proportion of Australian ownership. The consortium includes the listed Australian Rural Capital, which is…