S Kidman

<html><body>
Australia's largest landholder Gina Rinehart has reported a farming profit in the year following her acquisition of the S Kidman &amp; Co empire.
The company, called Australian Outback Beef, owns more than 8 million hectares of cattle grazing properties it purchased for $386.5 million by Australia's wealthiest woman Gina Rinehart and her Chinese business partner Cred Pastoral.
According to reports filed with the corporate regulator the company made a $6.2 million net profit in its first year of operation.
It paid $7.5 million in taxes, according to Fairfax Media.
The financial report also records assets at $418 million in assets with only $29 million in liabilities
Hancock Prospecting owns 67 per cent of the former S Kidman and Co with partner Shanghai CRED having the remaining holding.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Gina Rinehart reports S Kidman & Co profit

<html><body>
Gina Rinehart's desire to secure Australia's largest landholder, cattle company S.Kidman &amp; Co with a Chinese investor, has prompted her to bid higher after they were being challenged by an all-Australian syndicate.
The $386.5 million offer topped the $386 million offer from wealthiest graziers including BRW Richlisters Tom and Pat Brinkworth and Sterling Buntine.
The Australian reports Rinehart is closer to securing the S. Kidman &amp; Co pastoral empire with the company’s board unanimously backing an increased offer.
The Rinehart bid comes via Australian Outback Beef (AOB), a consortium two thirds controlled by mining magnate Gina Rinehart, and a Chinese business partner, Shanghai CRED.
Their bid does not include Anna Creek, a property in South Australia that raised national security concerns when Chinese interests tried to buy the Kidman properties last year.
BBHO, comprising four of the nation's wealthiest outback cattle and transport families are offering $386 million, for all the properties including Anna Creek.
The local bid would avoid scrutiny by Australia's Foreign Investment Review Board given BBHO's directors, Viv Oldfield, Tom Brinkworth, Sterling Buntine and Malcolm Harris, represent some of the most prominent names in the outback.
</body></html>

jchancellor-FAypfDUnLy

Gina Rinehart raises offer to outbid her rivals for S. Kidman & Co farms

<html><body>
Gina Rinehart's desire to secure Australia's largest landholder, cattle company S.Kidman &amp; Co with a Chinese investor, is being challenged.
The rival bid has been confirmed from wealthiest graziers including BRW Richlisters Tom and Pat Brinkworth and Sterling Buntine.
The Kidman's preferred bid, at $365 million, comes via Australian Outback Beef (AOB), a consortium two thirds controlled by mining magnate Gina Rinehart, and a Chinese business partner, Shanghai CRED.
Their bid does not include Anna Creek, a property in South Australia that raised national security concerns when Chinese interests tried to buy the Kidman properties last year.
BBHO has since emerged, comprising four of the nation's wealthiest outback cattle and transport families offering $385 million, for all the properties including Anna Creek.
The local bid would avoid scrutiny by Australia's Foreign Investment Review Board given BBHO's directors, Viv Oldfield, Tom Brinkworth, Sterling Buntine and Malcolm Harris, represent some of the most prominent names in the outback.
The bid has not yet been received, but once it is, AOB has the right to match the offer.
AOB and Kidman have an agreement that triggers a $3.8 million break fee if either party walks away.
A finalised sale is expected early next year. 
Alice Springs businessman Viv Oldfield is most well known as a race horse trainer.
The 58 year old runs cattle on pastoral land in the Northern Territory and South Australia, and has partnered with a fellow pastoralist to sell cattle to China.
East of Alice Spring, Mr Oldfield runs cattle across the jointly managed properties Andado Station, Horseshoe Bend and New Crown.
He owns an outback transport company, Tanami Transport, of which S Kidman and Co is client.
The South Australian pastoralist Tom Brinkworth owns more than 100 properties spread across more than 400,000 hectares 
Sterling Buntine owns Alroy Downs Station and Dalmore Downs, along with Lissadell, Bedford Downs and Lansdowne stations in the Kimberley in Western Australia.
Malcolm Harris and his family recently gained approval to apply for a freehold lease on WA's Gogo Station at Fitzroy Crossing.
The family owns Benmarra Station in the Northern Territory, and Rockhampton Downs, near Tennant Creek.
</body></html>

S.Kidman battle between Gina Rinehart and Richlisters

<html><body>
The West Australian mining magnate Gina Rinehart and Chinese Real Estate company Shanghai Cred have entered into an agreement to make a takeover offer for the nation’s largest private land hold S Kidman and Co.
The joint venture company Australian Outback Beef Pty Ltd (AOB) will be owned 67 percent by Mrs Rinehart’s company Hancock Prospecting and 33 percent by Shanghai Cred.
Hancock Prospecting chairwoman Gina Rinehart told News Ltd she was pleased to have the opportunity to invest further in Australia’s cattle holdings through the acquisition of the Kidman stations and was looking forward to working with the Kidman management and staff to grow and develop the operations.
Pastoralist Sir Sidney Kidman built up one of the biggest private landholdings in Australia.
“Kidman is an iconic cattle business established more than a century ago by Sir Sidney Kidman. It is an operation founded on hard work and perseverance by an outstanding Australian, and is an important part of Australia’s pioneering and entrepreneurial history,” Mrs Rinehart said.
Austalia’s biggest meat producers, S Kidman &amp; Co Ltd, has pastoral leases covering a 101,000sqkm across four states and territories.
The iconic Kidman landholding went on sale almost 18 months ago.
The sale is conditional of completion of the divestment of the Anna Creek station and the Peake by Kidman to other Australian grazing interests.
The proceeds from the sale of Anna Creek and the Peake will be paid to Kidman and retained in the company for the benefit of AOB, effectively reducing the “net price” being paid by AOB for the remaining Kidman portfolio to approximately $365 million.
</body></html>

S Kidman

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

S Kidman

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News