New owners have high-tec plans for Kidman
14/02/2017
A consortium made up of Ms Rinehart’s Hancock Prospecting and Chinese developer Shanghai CRED completed a deal worth A$386.5 million ($288.2 million) for the company in December 2016.
At the first board meeting since the takeover, Ms Rinehart and Gui Guojie, chairman of Shanghai CRED, agreed to invest in technology for the Kidman stations. This includes technology already used by Hancock, including remote monitoring and walkover weighing for cattle.
“This increased investment in technology approach will involve more training and some cultural change at Kidman, as the company gears to become one of the best cattle company’s in Australia,” Hancock Prospecting said.
Share this story:
