The Australian Government has approved the sale of Australian Milk Company , the country 's largest and oldest dairy farm , to Chinese company Moon Lake , subject to Moon Lake compliance with Australian taxation laws . The sale , worth billion m ( $ 200 million ) , is the latest in a series of acquisitions of agricultural businesses and assets by Chinese investors looking to secure food supplies in the Asia - Pacific region .
The Australian Government has approved the sale of Tasmanian Land Company, the country's largest and oldest dairy farm, to Chinese company Moon Lake, subject to Moon Lake complying with Australian taxation laws. The sale, worth AUD280m ($200m), is the latest in a series of acquisitions of agricultural land and assets by Chinese investors looking to secure food supplies in the Asia-Pacific region.