In the News: - China confirms ban of Australian coal imports. Beijing: Customs at China'snorthern port of Dalian has banned imports of Australian coal and will cap overall coal imports from all sources for 2019 at 12 million tonnes, an official at Dalian Port Group has told Reuters.
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Time for the Australian government to pass laws banning the ownership of Australian public companies by Chinese companies - effectively putting an end to these back door takeovers - the likes we have seen at NTU
Also where there is existing non-compliance with the new laws (like we have at NTU) then they have say 3 months to divest their holdings on market - with continued non-compliance (not divesting) permitting ASIC to sell those shares
NTU Price at posting:
4.1¢ Sentiment: Sell Disclosure: Not Held
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