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Kidman heads off to China

Cattle company S. Kidman & Co has held a historic board meeting in China – the first in the firm’s almost 120 years of operation.

The Shanghai meeting, the board’s second since mining magnate Gina Rinehart became principal owner last December, reinforced plans to reinvest profits into infrastructure and new technology.

Mrs Rinehart said profits would be used to improve the stations and improve safety and welfare of the 171,000 cattle.

The meeting was hosted by Shanghai CRED chief and Port Adelaide Football Club sponsor Gui Guojie.

“I am so pleased that our partners share our vision to improve Kidman and are entirely supportive of board decisions to reinvest Kidman profits to build a better Kidman for the future,” Mrs Rinehart said.

Source: Adelaide Advertiser 26 May 2017