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

Written on the 25 April 2016

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 offer for the Kidman cattle empire.

Shanghai CRED has bought Yakka Munga and Mt Elizabeth stations in the Kimberley through Australian operating arm Shanghai Zenith.

It will also own Mertondale, Riverina, Perrinvale, Clover Downs, Jeedamya, Melita and Kookynie stations in the Goldfields, subject to approval from the Foreign Investment Review Board and WA Lands Minister Terry Redman.

Read more...

Source: The West Australian

Image: An aerial muster at Yakka Munga Station in the Kimberley. 


Upcoming Events

Latest news

Resounding support for WA's plastic bag ban

Community supports ban on lightweight plastic bags Government recognises the need for a transition period for retailers Western Australians have come out in support of the State's plastic bag ban which will start on July 1, 2018. Environment Minister Stephen Dawson has reported that at the close of consultation, more...

Read More

Articles via RSS rss

Sign Up for the latest news & events

Does your business attract, recruit and retain staff by offering employment or work experience to young Aboriginal employees?
CLICK HERE to become a Working Together Employer of Choice.

 

Members

We are located at:

6 Napier Tce
(behind the Westpac bank)
Broome
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment

Phone

(08) 9193 5553

After Hours

0410 967 509