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Takeovers Panel Rejects Global Lithium's Bid Over Shareholder Allegations

7:03pm on Monday 2nd of June, 2025 AEST Mining
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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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