CHINESE – AUSTRALIA

Gindalbie accepts $39m takeover

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Original article by Paul Garvey
The Australian – Page: 20 : 12-Mar-19

Directors of iron ore junior Gindalbie Metals have recommended that shareholders accept a $39m takeover offer from China-based Ansteel. Gindalbie and Ansteel are joint venture partners in the Karara magnetite mine in the Mid-West region of Western Australia, and Gindalbie wrote down the value of its 48 per cent stake in the project to zero in 2014. Gindalbie also intends to demerge its Coda Minerals subsidiary.

CORPORATES
GINDALBIE METALS LIMITED – ASX GBG, ANSHAN IRON AND STEEL COMPANY, CODA MINERALS LIMITED, ATLAS LEAD GENERATION PTY LTD, BCI MINERALS LIMITED – ASX BCI

Fortescue investor reduces stake

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Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 7-Mar-19

Hunan Valin Group has capitalised on the recent rally in Fortescue Metals Group’s share price by cutting its stake in the pure-play iron ore miner by 1.14 per cent, reducing it to 13.06 per cent. China-based Hunan Valin is Fortescue’s second-biggest shareholder, and acquired its initial stake of 17.4 per cent in 2009. The company last reduced its Fortescue stake in 2016.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, HUNAN VALIN IRON AND STEEL GROUP COMPANY LIMITED, AUSTRALIAN LABOR PARTY

China’s $2b swoop on health giant

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Original article by Carrie LaFrenz
The Australian Financial Review – Page: 1 & 6 : 4-Jan-19

Shares in pathology, imaging and medical centres operator Healius closed 7.8 per cent higher at $2.63 on 3 January, in response to a takeover bid from Jangho Group. The Chinese company already has a 15.93 per cent stake in Healius and is offering $3.25 per share. Healius, which changed its name from Primary Health Care in late 2018, has advised shareholders to take no action regarding the unsolicited offer at present. It has stressed that Jangho’s approach may not necessarily result in a deal.

CORPORATES
HEALIUS LIMITED – ASX HLS, JANGHO GROUP, VISION EYE INSTITUTE LIMITED, MONASH IVF GROUP LIMITED – ASX MVF, HEALTHSCOPE LIMITED – ASX HSO, MACQUARIE GROUP LIMITED – ASX MQG, CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED, APA GROUP – ASX APA, HUAWEI TECHNOLOGIES COMPANY LIMITED, AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED – ASX API, SIGMA HEALTHCARE LIMITED – ASX SIG, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. FAIR WORK COMMISSION, KING AND WOOD MALLESONS, UBS HOLDINGS PTY LTD

Chinese look to exit unit projects

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Original article by Lisa Allen, Ben Wilmot
The Australian – Page: 15 & 16 : 4-Jan-19

Many Chinese property developers are seeking to divest residential development sites on Australia’s east coast due to factors such as difficulty in securing financing and a decline in demand for apartments. Matrix founder Andrew Antonas says many sites that have scope for 300 to 400 apartments and are located within 15-20km of the Sydney CBD have been put on the market. However, he notes that smaller sites with a capacity of up to 200 apartments and the same distance from the CBD are being retained by developers. Mark Wizel of CBRE expects more Chinese developers to shift their focus to investing in local shopping centres.

CORPORATES
MATRIX PROPERTY GROUP PTY LTD, CBRE PTY LTD, SHIMAO PROPERTY HOLDINGS LIMITED, DALIAN WANDA GROUP COMPANY LIMITED, HNA GROUP, HPG, HAILIANG, YUHU GROUP (AUSTRALIA) PTY LTD, CHARTER HALL GROUP – ASX CHC

Chinese uni students face embassy threats

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Original article by Michael Owen
The Australian – Page: 8 : 13-Sep-18

Hugh Sutton from the Adelaide University Liberal Club says there was a lot of intimidating behaviour involving students from China at recent student elections. Chinese students that were campaigning for the Progress Party and who were displaying a banner stating "Jobs not Socialism" say they received a message on WeChat saying that they would be reported to the Chinese Embassy in Canberra. It is alleged the threats were made by other Chinese students campaigning for the International Voice party. Sutton says the Chinese Student Association had "splintered" over the last year, with some members joining International Voice, while others joined the Progress Party.

CORPORATES
ADELAIDE UNIVERSITY LIBERAL CLUB, UNIVERSITY OF ADELAIDE

China delivers trade warning amid strain on ties

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Original article by Glenda Korporaal
The Australian – Page: 1 & 2 : 19-Apr-18

Cheng Jingye, China’s ambassador to Australia, says relations between the two nation have become increasingly strained since mid-2017. The Federal Government’s proposed foreign interference laws have been a particular concern for China, even though no specific country has been identified as a target for the laws. Cheng has urged action to improve relations and mutual trust between the two nations, arguing that China presents a massive trade opportunity for Australia. He adds that failure to improve relations could have trade implications for Australia.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ASSOCIATION OF SOUTH-EAST ASIAN NATIONS, BOAO FORUM FOR ASIA, FORTESCUE METALS GROUP LIMITED – ASX FMG, GROUP OF TWENTY (G-20)

Suitor plots east coast for AWE’s gas

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 11-Dec-17

Kevin Gao, the Australian business manager of China Energy Reserve & Chemicals Group, stresses that supplying the Western Australian gas market will be the Chinese group’s priority if its takeover bid for AWE Limited succeeds. He has downplayed concerns that CERCG aims to primarily supply the Chinese market via its $A463m hostile bid. Gao adds that gas from the Waitsia gas field in the Perth Basin could potentially be shipped to Australia’s east coast if supply is surplus to demand in WA. CERCG is offering $A0.73 per share for AWE.

CORPORATES
AWE LIMITED – ASX AWE, CHINA ENERGY RESERVE AND CHEMICAL GROUP, UBS HOLDINGS PTY LTD, HIGHBURY PARTNERSHIP PTY LTD, ARGONAUT SECURITIES PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Daigou retailer sells well on ASX debut

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Original article by Jessica Sier
The Australian Financial Review – Page: 25 : 6-Oct-17

So-called "daigou" retailer AuMake performed strongly on its sharemarket debut on 5 October. AuMake, which raised $A6 million from the issue of shares at $A0.08 each, traded as high as $A0.235. Founders Joshua Zhou and Lynn Zheng own 17 per cent of AuMake, while CVC is its biggest institutional investor. AuMake currently has six stores in Sydney and generates over $A13 million a year in revenue.

CORPORATES
AUMAKE INTERNATIONAL LIMITED – ASX AU8, CVC LIMITED – ASX CVC, ITM CORPORATION LIMITED, AUGEND LIMITED, TITAN ENERGY SERVICES, WECHAT, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, THE A2 MILK COMPANY LIMITED – ASX A2M

Chinese buyers retreat

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Original article by Angus Grigg
The Australian Financial Review – Page: 1 & 4 : 14-Aug-17

New Chinese Government controls on capital are in part leading to a significant drop in Chinese investment in Australian real estate. Jane Lu, the Australian head of Chinese-focused real estate portal Juwai.com, says other factors include new Australian taxes on foreign buyers and curbs being imposed by Australian banks on loans to overseas buyers. However, she notes that Australia is still the second most favoured nation for Chinese property investors. Morgan Stanley estimates that Chinese buyers accounted for $A20 billion worth of investment in Australian residential property in the 2016 fiscal year.

CORPORATES
JUWAI LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, KPMG AUSTRALIA PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, BELLER GROUP, DALIAN WANDA GROUP COMPANY LIMITED

Donations row engulfs Turnbull’s team

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Original article by Simon Benson
The Australian – Page: 1 & 6 : 9-Jun-17

China-born billionaire Chau Chak Wing has rejected claims that he has links to the Chinese Communist Party. Chau, who has been an Australian citizen for 20 years, has hit out after he was named in a television program about overseas donations to Australian political parties. Chau says he has never tried to seek any gain from donations made by himself or his companies to political parties. He notes that both of Australia’s major parties have solicited donations from him, and it has been revealed that one of Prime Minister Malcolm Turnbull’s campaign organisers approached Chau for a donation prior to the 2016 federal election.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION, AUSTRALIAN BROADCASTING CORPORATION, FAIRFAX MEDIA LIMITED – ASX FXJ, COMMUNIST PARTY (CHINA)