Original article by Brad Thompson
The Australian – Page: 13 & 16 : 3-Dec-24
Rare earths producer Northern Minerals is continuing to attract scrutiny from the federal government regarding its links to Chinese investors. A spokesman for the Treasury has advised that it assesessing compliance with an order requiring five China-linked entities to divest shares in the company. The spokesman said the government will take further action if required to protect the national interest. Singapore-registered Yuxiao Fund is one of the entities that was required to divest shares; however, Northern Minerals has not been able to contact one of the Hong Kong-registered companies that acquired the shares.
CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIA. DEPT OF THE TREASURY, YUXIAO FUND