Mass resignations at Chinese owner of Australia's largest dairy farm cast doubt on investment
Written by Christopher Knaus
Andrew Wilkie says opponents of Van Diemen’s Land Company’s sale to Moon Lake Investments were ‘right all along’
A mass board resignation at the Chinese firm that bought Australia’s largest dairy farm has fuelled concerns it may not fulfil the promises of local investment and environmental protection that convinced the Turnbull government to sign off on the sale.
Moon Lake Investments attracted scrutiny in 2015 when it offered $280m for the Van Diemen’s Land Company, which owned Australia’s largest dairy farm in north-western Tasmania.
Australia’s biggest dairy producing asset has become just another Chinese mass production centre for low-value products.
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