PengXin would use Consolidated Pastoral Company's cattle stations in Northern Territory, Queensland, and Western Australia's north to supply beef to Asia, sources said. S.Kidman & Co. , the Chinese real estate, agriculture and infrastructure conglomerate, is bidding for two Australian companies being sold separately, Consolidated Pastoral Company and S.Kidman & Co. Buying both could cost more than $1bn and if successful, PengXin could become the biggest owner of farmland in Queensland . According to sources close to the matter, PengXin could use Consolidated Pastoral Company's cattle stations in Northern Territory , Queensland and Northern Territory north to supply beef to the Australian market and S. Kidman & Co to supply meat to the Australian market.
S.Kidman & Co. , the Chinese real estate, agriculture and infrastructure conglomerate, is bidding for two Australian companies being sold separately, Consolidated Pastoral Company and S.Kidman & Co. Buying both could cost more than $1bn and if successful, PengXin could become the biggest owner of farmland in Queensland . According to sources close to the matter, PengXin could use Consolidated Pastoral Company's cattle stations in Northern Territory , Queensland and Northern Territory north to supply beef to the Australian market and S. Kidman & Co to supply meat to the Australian market.