A company linked to Hong Kong's richest person has emerged as the buyer of a major vineyard in the Margaret River region, its fifth local purchase in recent years totalling $25 million.
Perth entrepreneur Steve Tobin is gearing up for an expansion of oil and gas and minerals exploration in Australia, after selling a majority stake in Terrex Seismic to a private equity group to fund the acquisition of what he believes is a breakthrough technology.
WA chief executives are hoping a federal election year and a new direction from Malcolm Turnbull will ignite reforms needed to get the state moving again, according to the latest CEO survey by Business News.
FEATURE: Established wineries are setting their sights on longer-term goals as the sector recovers from the issues of the past decade, and faces new challenges.
Veteran wine industry player Mike Calneggia has resigned from Australian Wine Holdings Ltd, the company which is chasing resources investments after selling the bulk of its wine assets in the wake of the grape glut.
A group of former Evans & Tate grape growers have established a co-operative to negotiate the sale of their fruit to other industry players, after receivers for the Margaret River winery revised its 2008 vintage contracts.
A lack of support for the wine sector by financial institutions and investors has led Australian Wine Holdings Ltd's to turn its back on the industry and search for alternative investments.
Australian Wine Holdings Ltd has conditionally agreed to sell its wine distribution business, Wine Shack Pty Ltd, to a company associated with its managing director Mike Calneggia.
AUSTRALIAN Wine Holdings is preparing the groundwork for a major acquisition with a fund raising effort to pay off debt associated with the purchase of Hay Shed Hill Estate for almost $6.3 million last year.
IT is difficult to know which of the two prospective partners would've been more disappointed, at the time, by the failure of merger negotiations between Hotham Wines and Barrington Estate.
