China buying up Australia
S. Kidman and Co has named a new Chinese-Australian consortium as the preferred buyer for most of its iconic cattle station holdings.
The sale cannot proceed without the approval of the Foreign Investment Review Board (FIRB) and the Treasurer Scott Morrison, who has extended the time available for his consideration of the sale beyond the expected July election.
The value of the deal is $370.7 million.
http://www.abc.net.au/news/2016-04-19/kidman-enters-deal-with-dakang-australian-rural-capital/7129298
I hate this idea but someone said it's good for the country, so is it a good or bad idea?
......... I'm sure people may already know - but I'm putting it here as I thought it was "good news" .....
... Australian Billionaire and trucking magnate - Lindsay Fox - together with his son Andrew are in negotiations right now regarding the purchase of the Kidman property! Should make a lot of people here in Oz happy if it all goes through. :-)