China’s Fulida to Buy 17% of Australian Cattle Exporter Wellard

  • Wellard shares have slumped 83 percent since 2015 listing
  • Exporter has struggled to pass on record local cattle prices

Chinese textile maker Fulida Group Holdings Co. agreed to buy 17 percent of Wellard Ltd., the Australian livestock exporter that has slumped since listing in December 2015.

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