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Takeovers Panel Rejects Global Lithium's Bid Over Shareholder Allegations
9:51am on Friday 24th of January, 2025 AEDT
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Takeovers Panel Rejects Global Lithium's Bid Over Shareholder Allegations
9:51am on Friday 24th of January, 2025 AEDT
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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