Dakang Australia and Australian Rural Capital say they want to transform S Kidman and Co into a global beef brand Australia’s largest landholder,S Kidman & Co, has agreed to sell the company to China’s Dakang Australia Holdings and the locally listed Australian Rural Capital Ltd for $370.7m.Under the deal, or Dakang Australia plans to acquire 80% of Kidman while ARC is looking to catch the remaining 20% stake,subject to approval by the Foreign Investment Review Board.
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Source: theguardian.com