Crowdfund group still wants Kidman

Crowdfunding group DomaCom says it has a good chance of buying S Kidman and Co after the Treasurer Scott Morrison blocked the sale.

A crowdfunding group says it has a good chance of buying Australia's largest private landholder S Kidman and Co after the government blocked the sale to a Chinese-led consortium.

Property crowdfunding business DomaCom says it has received more than $72 million in pledges from 5000 investors who want to keep Kidman in Australian hands and run it as a commercial business.

Chinese firm Dakang Australia Holdings Pty Ltd tried to take an 80 per cent share in Kidman, with the remaining 20 per cent to go to Australian Rural Capital, whose shares were 25 per cent lower at 56 cents at 1545 AEST.


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Source: AAP


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