"I can't imagine that Australia's FIRB will be able to do anything about the MLX bid for Greentech, or indeed any future counter-offer from China YunanTin as Greentech is domiciled in Hong Kong, the HK SFC is the relevant regulator. Obviously, if any Chinese party were to make a bid for MLX that would not make it past FIRB."
I was replying to this post, where you effectively say YT can just buy Greentech without FIRB approval.
Anyone bidding for Greentech is effectively trying to buy 42% of Renison. If Greentech agree to whoever, they would be selling a substantial interest in Renison, an Australian mine. So Greentech would be the seller of Renison - or, more specifically, their interest.
I've already said that where the buyer is listed is less important than who the buyer is. I own - and have owned - shares in ASX listed companies that required FIRB approval for buying substantial interests - even just 20% - in Australian mines.
Note, I'm not saying that other approvals aren't required.
MLX Price at posting:
49.5¢ Sentiment: None Disclosure: Held
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