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Life on the land in Australia

Archive for December 23rd, 2014

Australia Cinemas Hoyts chain sold to Chinese investment firm ID Leisure Ventures for almost $1b

A Chinese billionaire has acquired Australia’s second biggest cinema chain, Hoyts Group, in a deal understood to be worth almost $1 billion. Private equity firm, Pacific Equity Partners, offloaded the movie company on Tuesday to China’s 149th richest man Sun Xishuang, ending months of speculation. Mr Sun bought Hoyts through his British Virgin Islands-based investment company, […]

December 23rd, 2014
Topic: BUYOUTS AQUISITIONS TAKEOVERS, CHINA Tags: , ,

Gina Rinehart adds family-run WA dairy to string of investments in Australian agriculture

Western Australian mining magnate Gina Rinehart has secured her foothold in the WA local dairy industry by buying into an iconic south west business. The deal allows family-owned Bannister Downs Dairy in Northcliffe to increase its milk production fourfold, with plans to build a $20 million processing plant. This latest investment is part of a […]

December 23rd, 2014
Topic: DAIRY MILK, PEOPLE, PROPERTIES, WEALTHY PEOPLE Tags: , , , ,

CATTLE BY THE HUNDREDS ARE BEING SHOT IN WEST QUEENSLAND BECAUSE OF THE DRAUGHT

DEBBIE Viney loves her cattle to death. OOO Audio: Drought affected grazier says shooting cattle the only humane option (AM) Ms Viney says they barely survived the move there and will not survive the move back. “It’s heartbreaking when you see the poor old cow and she can’t get up and you’ve got to put […]

December 23rd, 2014
Topic: DROUGHTS FLOODS Tags: , ,