Kidman owner secures major China deal - leatherbiz: Leading news site Leatherbiz

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Kidman owner secures major China deal

10/05/2017
The owner of the Australian cattle company S Kidman & Co, Hancock Prospecting, is preparing to sign a deal to sell as many as 800,000 cattle a year from the north of the country to be slaughtered and processed in China, according to local media reports. 

The reports stated that the agreement with China’s New Hope Group is expected to be presented on May 14. They suggested that it would effectively double the size of Australia’s A$1.5 billion live cattle export industry. 

Hancock, owned by Australia’s richest woman Gina Rinehart, was part of a consortium with Chinese developer Shanghai CRED that completed a deal worth A$386.5 million ($288.2 million) for Kidman in December 2016.

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'Downward pressure' on Australia’s cattle market 18/07/2017
Australia’s richest woman bolsters cattle empire 07/03/2017
New owners have high-tec plans for Kidman 14/02/2017
Green light for Kidman offer 09/12/2016

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