Business
Australia cites national security to block China buying local builder – Financial Times
Canberra’s decision to stop CSCEC purchase sends a clear message to Beijing
Australia has blocked a A$300m takeover offer by a Chinese state-owned company for a local building contractor in a move that reflects the intense diplomatic and trade tensions between Beijing and Canberra.
The decision to block China State Construction Engineering Company from acquiring Probuild on “national security” grounds is the first negative assessment made by Canberra since tough new foreign investment (Firb) rules came into force on January 1.
The regulations hand Canberra greater powers…
-
General24 hours agoFallout from Ned Kelly’s last stand haunted families for generations
-
General22 hours agoTasmanian boy left homeless due to child protection department’s ‘gross negligence’, family member says
-
Business24 hours agoHow to make $5,000 a month in passive income
-
Business21 hours ago2 excellent ASX ETFs I think have great potential to beat the ASX 200