News

Chinese buyer spends millions on Australian cattle farms

17/07/2015

A Chinese billionaire has spent A$47 million ($34m) buying two Australian cattle stations, the third such deal in 12 months. Xingfa Ma, who owns ballbearing group Tianma, purchased the Wollogorang and Wentworth stations as well as 40,000 head of cattle. The news comes in the week that Indonesia slashed its cattle quota from the country by 80% to ...

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