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West Australian Pastoral Stations Sold to Chinese Shanghai CRED
More than 400,000 hectares of pastoral land in Western Australia's Goldfields region has been sold to the Chinese real estate conglomerate Shanghai CRED.
Shanghai CRED is also part of a $365 million joint bid with Gina Rinehart's Hancock Prospecting to purchase the Kidman cattle empire.

Shanghai CRED paid around $2 million to purchase Melita, Jeedamya and Kookynie stations, owned for the last decade or so by WA cattle identity Jack Burton, from the Yeeda Pastoral Company.

The Chinese company is also waiting on FIRB approval for several other Goldfields stations and has recently purchased Yakka Munga and Mount Elizabeth stations in the Kimberley.

Jack Burton owns several stations across the Kimberley and last month opened the Kimberley Beef Processing Facility, north of Broome.

Mr Burton said his family had purchased Melita about 10 years ago and had planned to run small stock on it.
"We have really started focussing on our operation up north rather than our stuff out there," he said.

"Our ambition was to let it repair and then slowly work stock back into the program there."

Wild dog predation in the pastoral region has prevented many southern pastoral properties from running small stock.

ABC Online

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