date:Sep 26, 2012
China Investment, a sovereign wealth fund owned by the Chinese government, is planning to acquire a stake in Van Diemen's Land (VDL), a leading dairy farming company in Australia.
Van Diemen's Land (VDL), based in Tasmania, has 25,000 dairy cows and 6,500 beef cattle, and operates 27 dairy farms spanning an area of 19,000 hectares.
Currently, the company is in talks with several parties to raise A$180m ($187.51m) to double its milk production and workforce, reported Reuters.
China Investment,