Australia's to stop them from Maximum irrigation eng

Australia's domestic's largest private irrigation engineering CubbieStation "might sold to Chinese," the message in the Macau the domestic triggered vibration. Australia, "Sydney Herald Morning News" on the 24th said the, CubbieStation yes Macao Queensland a large area of ​​farms's irrigation water sources, this will "endanger the Macau agriculture, water source safe" trading has aroused the the Australian Federal Government's attention, will be blocked.

Reports said, manage CubbieStation assets's company McGrathNicol last month hired Goldman Sachs investment company to help its looking for buyers, its executives have traveled to Chinese, in order to this home valuation of 400 000 000 Australian dollars, but the cumulative the debt has exceeded 320 000 000 Australian dollars's super-large irrigation engineering find a buyer. It is reported that, CubbieStation is Australia's's largest private irrigation enterprises, mainly in the southern Queensland operating large-scale cotton and water conservancy business, which carries on dam water storage capacity even more than Sydney Harbour. Because liabilities overmuch, coupled with years's droughts as well as in the doldrums's cotton gains, CubbieStation in in 2009 to enter the bankruptcy management.

Australian "era newspaper" on the 24th reported that the, in Australia, any over 231 million Australian dollars's foreign acquisitions case have to obtain at Minister of Finance the approval of, during which want to undergo burdensome complicated review process. In recent years Chinese enterprises to invest in Macau iron ore and other projects have been repeatedly blocked. "The Sydney Morning Herald", said, the Australian Government has aware of CubbieStation likely to be Chinese buyers took over the's news. Report quoted does not unnamed Macau the government persons as saying, if the CubbieStatioin being sold to Chinese people, will be the Gillard the government's "nightmare,", the Australian government encounter's will not only be be "headache," and is "repeated attack 's migraine headaches. " This person said, "must consider the national defense, food and agriculture safety, etc. a variety of factors. No matter from which aspects of say, owner do not should sell CubbieStatioin, should not let foreign capital control over Queensland Lanzhou large tracts of land. "

CubbieStation was originally a Australia family enterprise, is the a to rely on water conservancy irrigation of large-scale farms, rely on a strong government background and financial resources, CubbieStation was once become the the Southern Hemisphere largest private irrigation enterprise, control of the of the surrounding 13 thousand ha cotton fields, wheat farmland's irrigation qualifications, only this one annual revenue can be up to 50 million Australian dollars. 2005 acquisitions of local's cotton company after the, Cubbie Group became the Australia's and even the the world's largest cotton production suppliers, in the Australian agricultural economy occupies an important position. Because perennial drought, 2006, CubbieStation's reservoir Chu quantity of water dropped to the stock of 1% of the. 2009 bankruptcy after the, the Australian Government has been hoping will CubbieStatioin nationalized, most recently Huan bid 40 million U.S. dollars purchase of some investors rights and interests. Because failed to so that the relevant the parties to satisfied with the, the Australian the federal government Previously a few times bid both ending in failure.