MIRA buys 49% stake in Cubbie Station, covering 93,700 hectares. : Macquarie Infrastructure and Real Assets (MIRA) has acquired a 49% stake in one of Australia’s largest agricultural properties, after Chinese textile manufacturer Shangdong Ruyi was forced by the Australian government to sell down its interest. In 2012, Shangdong Ruyi was originally required to wind down its 80% stake in the 93,700-hectare Cubbie Station within three years of purchasing it for A$240m (€146m). In 2016, Australia’s current conservative government granted a three-year extension for Shangdong Ruyi to sell its holding down to 51% to an independent third party or third parties.