TFS Corp buys NT cattle station
TFS Corporation has bought a Northern Territory cattle station for $8.5 million with plans to plant 2700 hectares of Indian Sandalwood on it.
The purchase of the Bonalbo Station within the Douglas Daly district is subject to due diligence and securing a transferable water extraction licence for the property.
The sale is expected to settle in June next year.
TFS shares were off half a cent to 95 cents.
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