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Rinehart, China firm to buy Aussie cattle empire

Sale of S. Kidman's vast holdings to Chinese buyers not in national interest: Treasurer

Ms Rinehart, who has close ties with ruling conservative lawmakers, said Kidman is an important part of Australia's pioneering and entrepreneurial history.


AUSTRALIA'S richest woman Gina Rinehart and Chinese developer Shanghai Cred have agreed on a deal to jointly purchase S. Kidman & Co, the country's largest private land holding, for A$365 million (S$380 million), the companies said on Sunday.

Her Hancock Prospecting will