Kidman offerees set to return after federal election

Kidman offerees set to return after federal election
Kidman offerees set to return after federal election

The Chinese-led consortium still wants to buy the S.Kidman & Co properties.

It is tipped to pull its recent $370 million bid which will then be resubmitted after the Federal election.

The consortium includes the listed Australian Rural Capital and Chinese group Dakang, which is owned by Pengxin and Shangahai CRED.

S.Kidman & Co, which covers almost 11 million hectares of cattle stations.

The Northern Territory Chief Minister Adam Giles says the federal government needs a consistent policy on foreign investment or it risks missing "opportunities" for the country.

The Country Liberal Parry leader said he understood the reasons for the decision, but stressed the need to ensure there's consistency in how these matters are determined.

"I want to see a food policy developed for Australia that ensures Australia's food security and recognises the opportunities that exist to meet emerging demand from Asia's growing middle class," Mr Giles said in a statement.

 

Jonathan Chancellor

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.

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China Foreign Investment

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