Dakang/ARC A$370 million acquisition of S Kidman & Co

Overview:

• Dakang and ARC have acquired S Kidman & Co (Kidman) for A$370 million.
• Kidman is Australia's largest private landholder and operates farms and cattle stations across the country.
• Dakang Australia is owned 51% by Dakang Holdings, subsidiary of Hunan Dakang Farming, and 49% by Shanghai CRED Real Estate Stock.
• Dakang Australia will be acquiring 80% and ARC 20% of Kidman's shares.

Katrin Kostadinova - Data analyst