Business
Australia’s largest dairy operation broken up by Chinese owner in $62.5 million deal – ABC News
The Chinese owners of Australia’s largest dairy operation sell a dozen farms after a tumultuous few years.
The Chinese owners of Australia’s largest dairy operation have sold off a dozen farms after a tumultuous few years.
The $62.5 million deal will mean 5,000 cows and 2,200 hectares of prime dairy country in Tasmania’s far north-west is transferred to Melbourne-based asset manager Prime Value.
The sale marks a partial return to Australian ownership for the historic property, which was owned by a New Zealand council prior to its acquisition by Chinese businessman Xianfeng Lu in 2016.
Mr Lu said the…
-
Noosa News16 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General22 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News22 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News22 hours agoDetectives continue to search for answers on Crystal Beale’s death