Senator Whish-Wilson warned of potential market manipulation in the Belamy's transaction.
"In the 18 months ahead of the takeover offer, Bellamy's share price fell 60 per cent while Chinese authorities withheld market access,: he said.
"On the face of it, it looks like the Chinese government suppressed the share price ahead of a takeover bid and some Australian investors have lost millions as a result.
"There are allegations of this occurring in other takeovers both here and overseas and this needs to be thoroughly investigated."
confirmation of manipulation, page-72
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 2797617 | 93.0¢ |
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| 94.0¢ | 341986 | 5 |
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