Australian Treasurer Orders Six China-Linked Entities to Sell 1.68 Billion Northern Minerals Shares, Shares Fall 8%
MT Newswires Live
May 18
Northern Minerals (ASX:NTU) said the Australian Treasurer has exercised his power to make further disposal orders against various entities holding interests in Northern Minerals shares, according to a Monday Australian bourse filing.
The orders relate to 1.68 billion Northern Minerals shares, the filing added.
The Treasurer's attached order with the filing showed that a total of six China-linked entities have been ordered to sell their interest in the company.
"We operate a robust and non-discriminatory foreign investment framework, and will take further action if required to protect our national interest in relation to this matter," Treasurer Jim Chalmers said, as quoted by Reuters.
The company's shares fell 8% in recent Monday trade.
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