Chinese company given green light to take over iconic Australian dairy brands | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A Chinese company is bidding for, and could soon take over, some of Australia’s major dairy brands after the ACCC announced it would not stand in the way of a $600 million bid.

The international company ‘China Mengniu’ is hoping to take ownership of ‘Lion Dairy and Drinks’, which includes iconic brands such as Dairy Farmers. Mengniu Dairy also completed a $1.

5 billion takeover in December of infant formula company Bellamy’s. The Foreign Investment Review Board is facing pressure from independent MP Andrew Wilkie to reject the Chinese diary giant’s bid.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This wrong! We can see how theses foreign companies especially China operate which I believe is not in accordance with Australian values.

GREAT NEWS LOLO WHY DONT THE GOVERMENT JUST SELL OF AUSTRALIA COMPLETELY..WE WON THE WAR BUT SOLD OUT COUNTRY.

Way to go scomo just sell Aussie away.

Question: who owned LD&D before Mengniu Dairy?

PaulineHansonOz Ffs, So when is Mandarin language going to be compulsory in schools. We kow tow to the more than ever now.

PaulineHansonOz You will never get anything back from.the Chinese ffs wake up

Government and the greedy assholes continue to sell off parts of Australia. This virus could be our only saviour

The love of money ACCC is the root of all evil.

Communists buying from capitalists?🤡🌏

Another great decision of the Morrison sell off Australia Government

🙁

The ACCC is an absolute DISGRACE! This should NEVER be allowed to happen 😡😡 ACCC = Australian Chinese Communist Caretakers 😡😡😡

They may as well, Local Councils are making it hard with inflated Rates charges & sending us to the wall. Anyway the milk company is already overseas owned.

ScottMorrisonMP LiberalAus STOP this sale. From here on overseas countries should only be allowed to lease never buy Australian companies that affect Australians such as the meat, dairy & our natural resources. auspol

Australia is being sod down the drain day by day the Chinese are allowed to buy any part of Australia but we are not allowed to buy any thing in china Australia will be the new china in years to come

Scott Morrison's plan is to sell Australia to the Chineses they won't have to bother about climates Change They are exporting all our LNG natural gas and not even being taxed THe LNP even believe aged pensioners are a burden on Australia's economy According to Peter Costello

Find out brands and boycot Shame on the government!

This is the real crisis facing Australia 🇦🇺 Where’s the outrage 🤔

Terrible! Chinese Comm govern. has no ethics or morals! Those poor animals What happened to Australian owned! Australia for sale, just like it used to be in America.. Globalist takeover! ScottMorrisonMP MRobertsQLD RealMarkLatham Stop this now! Our food supply is in danger

Australia's reliance on Chinese investment continues. What happens when China slows down? I suspect the Caronavirus lockdown can't be good for the country's output.

Maybe they should change their name to ACCP

Liberals and nationals selling our county

China controlling milk supply is Australia is ridiculous. They will control milk price to our farmers

Geopolitics_Emp Shame

They are buying it of a Japanese company

💩oz 🤠🤠, 💩youse a sufferin☹️here's💰💰ta prop ya's up👌 interest free😁Remember😏We got ya🍑now..☎︎💩Wadda ya mean broke😳.👂What's that O/S💩Yeah do it👏.👂The🤠🤠🥱Don't worry🙄All good👍.😚Oi 🤠🤠 Problem🤠🤠 gotta foreclose🥺🤠🤠Stupidity✅💯outa💯 ACCC 🖕em a bit more🧐

AusAntiLeft When it’s gone, it’s gone.....

Not good

Well you lot are the government cheer squad, what can you do to stop this? You own them FFS

looks like money beats national security

ScottMorrisonMP HOW DID YOU LET THIS HAPPEN? 😡 Traitors LiberalAus if you keep F’ing up the basics you deserve to loose big at the next election! auspol

CPC ...Aussie CPA

💩poor aussie industry y'all suffering☹️ here's some $💰 ta prop ya up interest free😁...💩 wadda ya mean we broke😳.....👂what's that O/S 💩Yeah do it👏 The industry🤔don't worry all good👍Oi poor aussie industry time to foreclose sorry🥺 How Many More Times Must This Happen🧐

PaulineHansonOz Fine, but i wont buy milk anymore

It’s a security issue

'This will get Scott & Josh back in the black again' 🇦🇺

Easy..I won't be buying anything communist owned.. These products for example. It's about time our spineless government stood up and defended our country against the UN propaganda machine!!!

ScottMorrisonMP LiberalAus Stop selling us out. We Australians have had enough!! Communist China already own our largest water source, largest dairy, largest cattle, baby formula, ports etc! I believe both LNP & Labor have been infiltrated by communist China!

How do their off$hore accounts look. We all no bribes are prevalent in Chnse culture (labor shud know). We also know the dismantling of our food security isn’t in the public interest. So why was this sale approved?

Another traitorous decision by our political elites-both elected& gravytrain bureaucrats. We need a public demonst’n to put the Govt in their place.They keep Doing this to us coz we let them get away with it. The sheeple get firedup & then it goes down memoryhole-no consequences.

PaulineHansonOz PaulineHansonOz - Australia needs you to stop this from happening. Australia will soon belong to China if we don't start doing something now.

And gohd knows what crap they will put in it!! I don't trust communists 😡

Meh 🤷🏼‍♀️ vegan plantbased

We are so stupid.

How many countries in the history of the world have handed over their heart and soul and land to another country with such willingness as Australia has to China? It is incomprehensible.

Wtf . We keep selling everything off shore . We soon won’t have nothing to sell and then what

PaulineHansonOz Wow the price of viral warfare

Ridiculous and scary at the same time!

Another virus.....

No. Please no.

The ship has sailed already. Most big farms, packing sheds, juice factories and catering businesses already belong to Asia. People just don’t know it.

The FIRB must stop this. This is exactly the way our politicians have let us down over the last 30 years. Enough. Stop selling Australia to the Chinese Communists.

Disgraceful

Well we may as well sell the lot

This should not be allowed

NO! Someone stop this from happening. Enough is enough. We are having this country sold right in front of us all.

Pollies & ACCC need to stop the sell-off of Aussie primary products! Soon Australia would have sold off everything! STOP THIS PLEASE.

PaulineHansonOz Some of the companies that are being acquired involve Dairy Farmers. Be sure to buy Norco or Maleny milk to support our locals the best we can.

Wake up now. The MSM lies a lot.

Somebody’s getting paid

Your government is doing this as advised by the UN. Wake up you and your families are about to starve to death when they crash the economy.

I can feel a boycott coming on

A bit too late to be saying that. It’s been foreign owned since 2005.

Coronavirus milk

Which Dairy Brands are you talking about? What use is the ACCC?

Why can’t AUSSIE super funds invest here? Keep our milk and farm families AUSSIE to the core!!!!! Piss weak ACCC btw....!

Isn't the company already Japanese owned?

Sack the ACCC. Who have these people the right to threaten our food security?

Why is no one upset with the seller?!

AustralianLabor LiberalAus The_Nationals

tyrelle123 NO! DO NOT ALLOW THIS!!!!!

PaulineHansonOz No way China poisoned their people with melamine that’s why the buy so much baby formula. China have no stringent testing on production. Why is the ACCC so blinded

Australia is becoming a vassal state of China...

That's a mis print,its $600 billion take over bid!

What else is new... fucking cowards.

PaulineHansonOz Cmon Scott Morrison - now is the time to stand up

Stop selling Australia

What the hell is wrong with these people that they 1. Barstardise industries and so 2. make way for foreign companies to come in and buy them. Shame. Shame. Shame! 🤬

Dear ACCC, would China allow us to take over their agriculture companies? That's the only question that should be asked and if the answer is no (it is) then it shouldn't happen based on that ALONE.

PaulineHansonOz New Australian Prime Minister Mr Who flung sheet. Why is Australia selling every thing to the Chinese? ChinaVirusSesungguhnya ChinaCoronaVirus auspol Australia CrimeMinisterMorrison Chinese coronavirusaustralia

Can we just sell them Parliament and be done with it? I can't wait to get my social credit score up.

Why not let China take the last 2% which they don't already own. I cannot believe how Australia has sold it self to China.

All members of parliament and the ACCC need to be investigated. Australia must come back under the Constitution 1901. No foreign ownership, period!

This is not good for Australians!

AusAntiLeft Simple treason.

Disgrace keep our own dairies for God sake selling everything

AussieDe China buying up all of Oz. What could possibly go wrong?

I am an Australian and I object! ScottMorrisonMP acccgovau

PaulineHansonOz Neo-liberal globalisation undermines Australian national sovereignty and is ecologically unsustainable. Food security is integral to EcologicalSustainability and Australian food production must remain in Australian ownership as a matter of national security.

PaulineHansonOz i for one, welcome our new chinese overlords

$600m is peanuts. It’s like $0.50 per Chinese citizen, to protect their supply of milk forever and fuck up ours. C’mon acccgovau don’t sell us out. We are the consumers you are supposed to protect. You’re selling us out for $0.50!!!!

PaulineHansonOz Is Australia working to self destruct or something

What does ACCC stand for? Australians for Chinese Communist Control?

ScottMorrisonMP JoshFrydenberg PaulineHansonOz RealMarkLatham

Yep the same company that bought Bellamys (Baby formula, foods etc) That free trade agreement working out for someone eh? How many farms, ports, dairies etc have been bought by the Chinese on the coalitions watch? Astounding.

FFS!Whats Wrong with the ACCC? How can this Not be harmful to Australia? And where are Australian investors who see what an Outstanding investment this is. On the Doorstep of the Huge SE Asian markets. How DUMB are Australian investors.

CCP is not our friend.

We need to decouple from China.

Government has to stop this.

Thanks to Coles and Woolworths driving dairy farmers broke, well now they will have to deal with the Chinese, good luck!

This is just ridiculous

Yeah? You cookers wanted a free market - enjoy the consequences.

Bye bye australia.

Do we even own Australia anymore?

I dont buy dairy farmers any more havent for a few years now I support our local brand Tilba Milk I dont support Chinese anything If I can help it auspol

How good is the free market!

Thank god, Aussie farmers can't seem to keep dairies open

They’re not desperate for resources are they?

Not only buying the milk but technology also.

Cue outrage from bogans that in no way has to do with racism in 3... 2... 1...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines