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|| Chinese firm acquired 45% stake in Australian food firm for $105 Million

beef.jpgShan Dong Delisi, a large Chinese food processing firm, has acquired 45% stake in Bindaree Beef, Australia's fourth largest meat processor, for $105 million

Bindaree Beef is established 60 years ago and employs over 600 people. Shandong Delisi is engaged in the production and distribution of frozen meat products. The company was founded in 2003 and is headquartered in Zhucheng, China.

To see a list of investors from China similar to Shan Dong Delisi, check the Chinese Investors Directory.

More details follows from Reuters:

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