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 Sale of Dare, Farmers Union Iced Coffee and Daily Juice to China stopped
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 Return to top of page · Post #: 1 · Written at 3:56:39 PM on 25 August 2020.
Robbbert's avatar
 Robbbert
 Location: Hill Top, NSW
 Member since 18 September 2015
 Member #: 1801
 Postcount: 2014

Foreign Review Board knocked it back after everyone else gave it the green light.

https://www.9news.com.au/national/china-mengniu-dairy-600-million-purchase-kirins-lion-dairy-dare-farmers-union-coffee-abandoned-amid-trade-tensions/f0efbf3e-f1d3-417a-bdc4-a8e787a386b1

https://www.abc.net.au/news/2020-08-25/lion-dairy-china-mengniu-deal-off/12592534
 
 Return to top of page · Post #: 2 · Written at 4:17:15 PM on 25 August 2020.
GTC's avatar
 GTC
 Location: Sydney, NSW
 Member since 28 January 2011
 Member #: 823
 Postcount: 6687

The sad fact is that there's no Australian company prepared to buy it back from the Japanese.
 
 Return to top of page · Post #: 3 · Written at 7:18:13 PM on 25 August 2020.
Brad's avatar
 Brad
 Administrator
 Location: Naremburn, NSW
 Member since 15 November 2005
 Member #: 1
 Postcount: 7301

In recent years, the Bega Cheese Co. has been doing a lot of buying, including bringing Vegemite back home, however they probably don't have the cash for everything that becomes availabe. That said, these former Lion Nation assets, some of which were Australian originally, would be able to form part of Bega's core business - dairy processing.

Any government stopping Chinese ownership of anything in Australia at this time will get my vote. We need to stick it to the CCP as much as possible.


‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
A valve a day keeps the transistor away...

 
 Return to top of page · Post #: 4 · Written at 7:03:58 AM on 26 August 2020.
Simplex's Gravatar
 Simplex
 Location: Bathurst, NSW
 Member since 7 August 2008
 Member #: 336
 Postcount: 391

Good that sale was stopped and totally sick of seeing Australian assests being sold to mostly chinese interests.
 
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