Rinehart, Chinese to buy cattle empire

Written on the 17 October 2016

Rinehart, Chinese to buy cattle empire

Gina Rinehart has struck a $365 million deal with a Chinese partner to buy a majority stake in the Kidman pastoral empire that will make her Australia's biggest cattle baron.

Mrs Rinehart's Hancock Prospecting and Shanghai CRED Real Estate Stock announced yesterday their flagged deal with S. Kidman & Co, which requires approval under Australia's foreign investment regime.

The proposed transaction carves out properties near sensitive defence sites whose location contributed to the scuppering of an earlier proposal for Kidman to be sold to Shangahi CRED and another Chinese company.

Read More...

Source: The West Australian


Upcoming Events

Latest news

Balancing business with pleasure is easy at Kimberley Sands.

A five-star resort that offers the level of service and experience to match that of any exotic destination, it's a luxurious retreat that draws guests from around the world to this far North Western corner of Australia, and guarantees a lasting impression. The Kimberley Sands Resort and Spa is fitted out with total comfort in min...

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