- Published at
- by finance.yahoo.com
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Australia's Global Lithium seeks government help, alleging Chinese control attempt
Australia's Global Lithium Resources is pressing the government to halt what it calls a takeover attempt by Chinese investors of its cornerstone asset ahead of a shareholder meeting this week. The company is counting on government intervention after the nation's Takeovers Panel declined last week to review what Global Lithium says may be an unlawful association among China-linked shareholders seeking to control its Manna lithium project in Western Australia. Global Lithium management wants Australia's treasurer, who receives advice from the Foreign Investment Review Board, to force the shareholders pushing for board changes to sell down their stakes.