The giant Canadian pension fund behind the purchase of the north-west's biggest abattoir has promised stability and investment in the critical facility.
It may not generate the kind of wealth that comes out of mining, property, or selling a big business, but the attractiveness of agricultural investments for wealthy Sandgropers is plain to see.
The $55 million sale of Yeeda Pastoral Company out of administration to a Canadian super fund has finally been completed, more than one year after the bid was made.
The WA Court of Appeal has dismissed a shareholder's bid to thwart a transfer of Yeeda Pastoral Company's shares, as part of the $56 million sale of the Kimberley business.
An issue over shares transfer has caused a delay in the $56 million sale of Yeeda Pastoral Company, a deal that would save the Kimberley business from being wound up.
A mothballed Kimberley abattoir has been thrown a $56 million lifeline by a Canadian government-backed fund which would value the plant at a fraction of its former price.
Administrators of Yeeda Pastoral Company will enter another funding agreement to preserve the substantial cattle herd, the Supreme Court of Western Australia has heard.
Administrators of Yeeda Pastoral Company have received a time extension for the next creditors meeting, after finding the Kimberley business was $103 million in debt.
A famed Kimberley pastoral operation and owner of northern WA's only large abattoir has fallen into the hands of administrators and is allegedly millions of dollars in debt.
Plans for a $35 million cooperative to take ownership of the Kimberley's sole abattoir have not progressed, with Yeeda Pastoral Company instead retaining full ownership.
Poynton Stavrianou has laid claim to being Perth's largest fully-independent investment bank after appointing a new director and reporting growth in its operations.
A battle is brewing at one of the state's largest cattle production companies, with Yeeda Group's Fitzroy River Limited launching legal action against major shareholder Beachline.
Burch Family Wines chief executive and 40under40 winner Anthony Wilkes is making a move into beef with his appointment to Yeeda Pastoral Company, which takes effect next month.
