AT LEAST a dozen rival parties have reportedly expressed an interest in Queensland's Cubbie Station cotton farm since it was sold to a Chinese-led consortium last month.
According to AAP, since the sale was approved, at least a dozen parties have approached the administrator of the property with rival offers, some from local businesses offering more money, Queensland lawyer James Loell told ABC radio's PM program.
The bids were rejected by the station's administrator, Mr Loell added.
He was told so in a conversation with Lachlan Edwards of Goldman Sachs, the investment firm negotiating the sale for the administrator.
"Lachlan Edwards rang me and I stated my business, told him I had a purchaser, a client who was extremely interested in purchasing Cubbie Station," he said.
"His words to me were to the effect that it was too late, they were in the final stages of negotiating a deal with the same parties that the treasurer had recently announced he'd given FIRB approval to."
"I said 'are you sure it's too late', and he said 'look, this has been going on for a long time'.
"'We've got to take the bird in the hand and they are the bird in the hand'."