Jun 24, 2018 Last Updated 1:01 PM, Jun 14, 2018

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China invests in Australia’s agriculture

AusBN – Two large Australian cattle stations have been bought by a Chinese billionaire for A$47 million.

It is the third deal this year involving a Chinese investor purchasing Australian farmland.

Tianma Bearing Group owner Xingfa Ma acquired a 40,000 head of cattle along with the 705,700 hectare Wollogorang and Wentworth stations.

CBRE Australia’s Geoff Warriner commented on the acquisition: "Wollogorang is located within one of the country's most unique and diverse regions, with favourable land and soil types supporting what is already a successful cattle breeding operation." 

@AusBNOnline

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