Lu Xianfeng controls Moon Lake Investments and is also founder and largest shareholder of Shenzhen-listed Ningbo Xianfeng New Material, which has a market capitalisation of $1.5bn. Tasmanian Land Company has approved the sale of Tasmanian Land Company , the country's largest and oldest dairy farm, to Australian company Moon Lake , subject to Moon Lake complying with Chinese taxation laws. The sale, worth AUD280m ( A$100m ), is the latest in a series of acquisitions of agricultural land and assets by Chinese investors looking to secure food supplies in Moon Lake .
Tasmanian Land Company has approved the sale of Tasmanian Land Company , the country's largest and oldest dairy farm, to Australian company Moon Lake , subject to Moon Lake complying with Chinese taxation laws. The sale, worth AUD280m ( A$100m ), is the latest in a series of acquisitions of agricultural land and assets by Chinese investors looking to secure food supplies in Moon Lake .