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Inglis Melb Premier Day 2: Strong Chinese Investment

Tuesday, 1st March 2016

On Day-2 of Melb Premier, there were 12 Lots secured by Chinese investors for a total of $2,455,000, with the majority to stay in Australia to race. The local industry has benefited from interest from Chinese-based interests including YuLong Investment and RIFA Mustang Pty Ltd that recognise the gains to be experienced from buying and racing thoroughbreds in Australia. “All sectors of the buying bench have been active across the board, which has driven forward all key metrics and delivered excellent results for vendors,” said Inglis Victorian director Simon Vivian. “We are delighted to see buyers new to Premier have been active throughout the sale, along with buyers who have had success with graduates of the sale returning to invest in the quality product on offer.”

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