One of Australia’s largest livestock exporters, Wellard Limited, has appointed Chinese businessman Kanda Lu as executive director in a push to expand in China’s cattle market.
Financially-troubled livestock exporter Wellard Limited has written to shareholders seeking to raise AU$52m as the embattled Australian company faces “difficult trading conditions”.
Animal exporter Wellard is set to receive a multi-million-dollar payment from its largest shareholder, WGH Holdings, as part of a refinancing move set to benefit its Chinese backers.
One of Australia’s largest livestock exporters, Wellard, has added a purpose-built ship that can carry 20,000 cows to its fleet of “floating farm livestock carriers”.
