STOCKHOLDERS – CHINA

Chinese rare earths investors blocked

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 15-Jul-26

Northern Minerals’ executive chairman Adam Handley has welcomed the federal government’s latest move aimed at getting shareholders with Chinese links to divest their holdings. Treasurer Jim Chalmers has told the rare earths producer to disregard all votes cast by the three shareholders in question at any of the company’s meetings. It follows a recent warning from Northern Minerals that the three investors had failed to comply with an order to divest their holdings by 2 July. Northern Minerals’ undeveloped Browns Range deposit in Western Australia includes terbium and dysprosium; China accounts for 99 per cent of global supply of these heavy rare earths.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIA. DEPT OF THE TREASURY

China-linked rare earths investors flout Chalmers’ sale edict

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Original article by Mark Wembridge
The Australian Financial Review – Page: 16 : 8-Jul-26

Northern Minerals has confirmed that six companies with links to China still hold a combined stake of about 17.6 per cent in the criticial minerals producer. Treasurer Jim Chalmers had directed the six companies to divest their stakes in Northern Minerals by 2 July. He had previously attempted in 2024 to compel China-linked investors to divest their stakes in Northern Minerals, citing national security concerns. Northern Minerals’ Browns Range rare earths project in Western Australia is considered to be of strategic importance in reducing China’s dominance of critical minerals supply.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIA. DEPT OF THE TREASURY

Santos and ENN in an awkward spot after Harbour bid rejected

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Original article by Simon Evans, Michael Smith
The Australian Financial Review – Page: 17 : 25-May-18

Oil and gas producer Santos announced on 22 May that it had rejected a $A14.4 billion takeover bid from private equity firm Harbour Energy. Chinese gas firm ENN, which is a major shareholder in Santos, did not take part in the board’s decision to reject Harbour’s bid, as it had backed the Harbour offer. Santos CEO Kevin Gallagher says he does not expect there to be any tension on its board as a result of the decision to reject the offer, while Macquarie Capital has described the decision as a "bold move".

CORPORATES
SANTOS LIMITED – ASX STO, HARBOUR ENERGY LIMITED, ENN ECOLOGICAL HOLDINGS COMPANY LIMITED, MACQUARIE CAPITAL PTY LTD, HONY CAPITAL, ENERGYQUEST PTY LTD

No deal on takeover, says Santos

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 18 : 17-May-18

Santos has downplayed media reports which suggested that Harbour Energy has struck a deal with two Chinese investors in the oil and gas group. Santos has indicated that the incorrect media reports were based on a mistranslation of ENN Holdings’ Shanghai Stock Exchange announcement. ENN and Hony Capital have a combined stake of 15.1 per cent in Santos. Harbour Energy has yet to make a formal offer for Santos, although it has undertaken due diligence.

CORPORATES
SANTOS LIMITED – ASX STO, HARBOUR ENERGY LIMITED, ENN ECOLOGICAL HOLDINGS COMPANY LIMITED, HONY CAPITAL, SHANGHAI STOCK EXCHANGE, WOOD MACKENZIE, MORGAN STANLEY AND COMPANY INCORPORATED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED

Co-operative Harbour advances Santos bid

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Original article by Matt Chambers
The Australian – Page: 20 : 16-May-18

Harbour Energy has secured an indirect stake in Santos of 15.1 per cent after striking an agreement with the oil and gas group’s Chinese shareholders, ENN and Hony Capital. Santos CEO Kevin Gallagher has advised that Harbour Energy has completed due diligence, although it has yet to make a formal offer for the oil and gas group. Santos shares closed at $A6.23 on 15 May, and analysts say Harbour Energy may need to increase its initial offer if it opts to make a formal bid.

CORPORATES
SANTOS LIMITED – ASX STO, HARBOUR ENERGY LIMITED, ENN ECOLOGICAL HOLDINGS COMPANY LIMITED, HONY CAPITAL, CITIGROUP PTY LTD, EIG GLOBAL ENERGY PARTNERS, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED