Ben Hawkins, head of infrastructure & renewable resources at Alberta Investment Management (AIMCo) The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle to repay debts of $11.8 billion. Hui Wing Mau, who is a Chinese-Australian dual citizen, put the 2.9 million hectare portfolio up for sale through a public tender in October at a reported asking price of A$250 million ($166 million). While financial terms of the transaction were not disclosed, local media reports
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