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Chinese group gets Aussie govt approval to buy local cattle empire

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CANBERRA - Australia's Treasurer Scott Morrison approved on Friday the sale of Australia's largest pastoral land holding ,S. Kidman & Co, to a partnership involving local mining magnate Gina Rinehart and Chinese consortium Shanghai CRED. Following months of speculation as to whether or not Morrison would approve a bid involving a foreign firm, the Treasurer released a statement on Friday formally approving the sale...

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