- Shuanghui’s acquisition of
Smithfield has prompted concerns in the US related to ChinaCo
- After Chinese-led consortium’s
acquisition of cotton farm Cubbie Station, the political
opposition in Australia is calling for changes in its foreign
- To complete these acquisitions smoothly, ChinaCos
must focus on concerns at the local, state and federal
US agricultural concerns prompted by
Shuanghui’s acquisition of US pork producer Smithfield Foods
could reignite similar Australia/China issues.
ChinaCos have also targeted Australian agriculture assets.
In August 2012, Chinese state-owned enterprise (SOE) Shandong
RuYi Scientific & Technological Group purchased
Australia’s largest cotton farm, Cubbie Group.
Although the deal
was approved contingent on the acquirer selling down its
interest from 80% to 51% in three years, the
opposition’s Senate leader Barnaby Joyce said that
the deal was
In the same month, the National party released a discussion