Global Trade Alert
Global Trade Alert

Australia: Government rejects Chinese investment in an Austalian-based construction company

Announcement

12 Jan 2021

The Australian rejected a Chinese investment in Probuild an Australian-based and South African-owned construction company on the basis of national security. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

12 Jan 2021

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On 12 January 2021, the Treasury of Australia blocked the Chinese State Construction Engineering Company from purchasing the Australian-based construction company Probuild on the grounds of national s...

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