Chinese buyer Lu Xianfeng announces its recent US$280 million acquisition of Australia’s largest and oldest diary farm Van Diemen’s Land Company (VDL) in northwest.
The VDL was owned by various New Zealand entities. Late last year, its current owner New Plymouth District has agreed to sell the farm to Moon Lake Investments, owned by Lu Xianfeng. The farm produces about 100 million liters of milk per year.
The deal is yet subject to approval by the federal government’s Foreign Investment Review Board. Since the deal is one of Australia’s biggest agricultural sales to foreign investors and is significantly larger than the US$15 million threshold set earlier, it is said to be a test of Treasurer Scott Morrison’s attitude to foreign investment. In this same week, Australian federal parliament are preparing for a debate on the Chinese-Australia free-trade agreement.
A foreign girl explains what China should be proud of
Chinese navy's air-cushioned landing craft in pictures
Chinese pole dancing master opens class in Tianjin
PLA holds joint air-ground military drill
Charming female soldiers on Xisha Islands
Beautiful skiers wear shorts in snow
Getting close to the crew on China's aircraft carrier
Chinese stewardess celebrate test flight at Nansha Islands
Pentagonal Mart becomes the largest vacant building in Shanghai
Top 20 hottest women in the world in 2014
Top 10 hardest languages to learn
10 Chinese female stars with most beautiful faces
China’s Top 10 Unique Bridges, Highways and Roads
Rent a womb
Go princess gone
Sex goes high-tech
Scholars call for a ban on churches in Confucius’ hometownDay|Week
