China’s wealth fund eyes New Plymouth-owned Tasmanian dairy farms seeking A$180M capital

Mon, 24 Sep 2012

By Paul McBeth Sept. 25 (BusinessDesk) - China Investment Corp, the US$200 billion sovereign wealth fund, is in talks to invest in Van Diemen's Land Co as the New Plymouth District Council-owned dairy farmer seeks to raise up to A$180 million to ramp up production. A tie-up with the Chinese fund would come after Tasmanian Premier Lara Giddings returned from a trade mission that included pitching agriculture and mining investment opportunities to China Investment Corp. New Plymouth council-owned Tasman Farms, which was delisted from the Unli...

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