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Chinese bidder withdraws bid for world's largest cattle station, S Kidman & Co

The sale of the world's biggest cattle station, S. Kidman & Co, is in doubt after it was caught in a "political crunch that was unworkable", its chief executive says. Kidman's preferred bidder, Chinese conglomerate Shanghai Pengxin Group, withdrew its bid on Tuesday, days after Treasurer Scott Morrison blocked the sale for a second time, saying it was not in the national interest. Mr Morrison on Friday gave Pengxin and its Australian partners 96 hours to revise their...

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