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China's Greenland in talks to buy Australia's agricultural firms

Published Tue, Nov 18, 2014 · 09:50 PM
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Sydney

GREENLAND Holding Group Co is in talks with Australian agricultural companies on possible takeovers and plans to complete its first deal in six months.

The Chinese state-owned company, which has already invested A$1.6 billion (S$1.8 billion) in Australian real estate, is now more focused on acquiring food, dairy and wine producers, chairman Zhang Yuliang told reporters in Sydney on Tuesday.

China "is a very big market and consumption habits are upgrading and changing", Mr Zhang said. Gree…

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