Foreign Investment Board braces for Chinese takeovers of distressed OZschwitz assets
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: Foreign Investment Board braces for Chinese takeovers of distressed OZschwitz assets Thu Mar 26, 2020 11:47 pm
There is growing concern within the Morrison government about how to handle foreign takeovers of Australian businesses which have ended up in financial strife as a result of the outbreak of the coronavirus.
The Foreign Investment Review Board is bracing for attempts by foreign companies, particularly from China, to take over distressed Australian businesses and assets.