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Council Supportive of Investment

Council Supportive of Investment

15 January 2016

Circular Head Mayor Daryl Quilliam said Council remained supportive of Moon Lake Investments purchase of the Van Diemen’s Land (VDL) Company following a rival bid for the company.

“I have met with Mr Lu Xianfeng of Moon Lake Investments and am extremely confident and supportive of his investment in VDL,” Mayor Quilliam said.

“Considering Mr Lu intends to keep the management and operation of farm as is, we are confident that the Circular Head community also backs his investment in the property.”

Moon Lake Investment is looking to acquire all the Tasmanian dairy assets held by Tasmanian Land Company Ltd and its related entities, including the Van Diemen’s Land Company, subject to approval by the Foreign Investment Review Board (FIRB).

“Council is also reassured that Moon Lake Investments will be making offers of employment to all existing employees if the purchase is successful,” Mayor Quilliam said.

“Council does not have a position on the rival bid for the company.”

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