Van Diemen's Land Tassie dairy sale to Chinese by New Zealand owners
Jonathan ChancellorDecember 7, 2020
The Treasurer Scott Morrison has approved the $280 million sale of the Van Diemen’s Land Company to Chinese company Moon Lake Investments on the condition that it complies with Australian tax law.
The Foreign Investment Review Board approved the sale which would guarantee job retention and additional jobs.
The sale of Tasmania’s biggest dairy was previously agreed with TasFoods consortium but the New Plymouth District Council (NPDC), its New Zealand vendors, then accepted the better offer from Moon Lake.
Moon Lake's Lu Xianfeng said they wanted to further develop Australasia’s biggest dairy.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.