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Chinese buy big Western Australia farms in $35 million deal
au.news.yahoo.com
Chinese interests are on the verge of securing farms covering almost 70,000ha after the biggest single offering of freehold land in WA’s history.
The deal between John Nicoletti — once regarded as WA’s biggest grain grower — and Hong Kong-based CK Life Sciences is done pending approval from the Foreign Investment Review Board.
CK Life is expected to pay close to $35 million for Mr Nicoletti’s farms in the eastern Wheatbelt and near Mullewa.
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