Ferngrove Wines, in Frankland River, is one of the world’s most isolated wine estates and among the biggest in Western Australia.
Originally established through MIS tax-effective investment schemes, it expanded to Margaret River in 2008 with the purchase of Killerby Wines. China’s Hangzhou Wine Group, headed by Xingfa Ma, took control of the business in 2011 with the purchase of an 88 per cent of the business through local entity Pegasus Corp. He invested $10 million in Ferngrove as part of a deal that involved Ferngrove focusing on bottled wine sales in China through a network of Ferngrove-branded retail stores of which there were 60 in 2016.
Through Mr Ma, Ferngrove overseas the management of South Australian winery Stonehaven and four cattle stations, two of which are in WA's Pilbara region.