The government has handed down its final decision on Hong Kong utility CKI's takeover bid for gas pipeline company APA,outright rejecting the proposal.
A China expert says Australia has to"push back against China"as the PM defends CKI's bid rejection.
The government's decision on Wednesday to reject Hong Kong utility firm CKI's $13 billion takeover bid for Australian gas pipeline company APA has forced a revision of just how open Australia remains to Chinese investment.
Some observers believe a revised CKI bid that involved teaming up with a non-Chinese partner or selling more pipeline assets could get the $13 billion deal over the line.
Treasurer Josh Frydenberg's reasoning for blocking a Hong Kong-based group from taking over APA doesn't make a lot of sense - unless you read between the lines.
Investors have dumped shares in Australian gas pipeliner APA after the FIRB rejected a $13 billion takeover of the company overnight.
In a shock decision the government has a rejected a $13 billion deal from a Hong Kong company.
The former head of AGL says continued political instability makes it unlikely that Friday's Council of Australian Governments Energy Council will be a success.
The $13 billion takeover of the Australian gas pipeline company by Hong Kong-based CKI is still hingeing on approval from the Foreign Investment Review Board.
A prominent senator says FIRB is trying to avoid a repeat of the Port of Darwin sale to the Chinese in its investigation of CKI's takeover of gas pipeline company APA.
Liberal Senator Jim Molan’s hawkish comments over potential Chinese risk to Australia’s national security has been rejected as hypocrisy and political posturing.