June 23, 2017 11:50 PM ET

Food Products

Company Overview of Dakang Australia Holdings Pty Ltd

Company Overview

Dakang Australia Holdings Pty Ltd engages in the breeding of cattle. The company is based in China. Dakang Australia Holdings Pty Ltd operates as a subsidiary of Hunan Dakang Pasture Farming Co.,Ltd.

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China

Key Executives for Dakang Australia Holdings Pty Ltd

Dakang Australia Holdings Pty Ltd does not have any Key Executives recorded.

Dakang Australia Holdings Pty Ltd Key Developments

DomaCom And Lloyds In Frame For Kidman Sale

The highly politicised sale process for Australia's largest landholder, S. Kidman & Co Ltd, has been officially reopened and crowdfunder DomaCom Australia Limited has joined forces with Lloyds Business Brokers to launch a $370 million bid. DomaCom and Lloyds have entered talks with Ernst & Young LLP, which is handling the sale process for the Kidman shareholders, and has been given access to the sale documents. Their plan is to buy S. Kidman & Co in a matching bid to the failed bid from Chinese-backed consortium Dakang Australia Holdings Pty Ltd. DomaCom Chief Executive Arthur Naoumidis said the fresh offer from DomaCom and Lloyds would see the land valued at $210 million and the operating businesses at $160 million. "At a price of $210 million, it would give investors a gross rental yield of 3.9% in addition to capital growth, low volatility and the opportunity to keep an Australian agricultural icon in local hands," Naoumidis said. Lloyds' Victoria Director Chris Butchers said he would draw on a data base of private investors to fund his side of the bid that would buy the shares in the operating business and lease the land from DomaCom. "On the business side we expect to see significant interest from equity funds and professional investors keen to capitalize on the growing worldwide demand for Australian beef," Butchers said. EY's Don Manifold, who is handling the sale process, confirmed the move. "We are back to square one - we are looking at all options," Manifold said. "With this round three we will be months away from any result," he added. Indicative bids for the new S. Kidman & Co sale are due on May 26, 2016.

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