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Takeovers Panel Rejects Global Lithium's Bid Over Shareholder Allegations
7:03pm on Monday 2nd of June, 2025 AEST
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Takeovers Panel Rejects Global Lithium's Bid Over Shareholder Allegations
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Takeovers Panel refuses to conduct proceedings on Global Lithium's application
Alleged undisclosed shareholder association involves 30-40% stake including director Dr Dianmin Chen
Application deemed untimely due to delays since August 2024 notices
Concerns raised about potential Foreign Acquisitions and Takeovers Act breaches
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