Chinese investors may buy 1% of Australia for just $300mn

5718aeb3c46188cd608b4571news54sf54fsf54s45fA consortium of Chinese and Australian investors has agreed to purchase 11 million hectares in Australia from the country’s largest private landholder S. Kidman & Co.
The deal, worth $289 million (A$371 million), has yet to be approved by the regulatory authorities. Last year, the proposal was rejected by the Australian government because of national interests.