China Inc takes over Mt Gibson board

Chinese corporate shareholders in Mt Gibson Iron have seized board control of the local iron ore producer at a sensational annual meeting in Perth today.


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West Leederville
Piss poor showing fellas, expect a lot more of these "bully-tactics"from the Chinese. It is not racist, just the way it is. Us Australians are weak and dopey, we are getting walked on, these people are ruthless and they are taking over... Try doing what they have done today as an Australian in China???? Wake up you Company Directors, M&A Guns and Investment Bankers, you are trading away our futures!

We have sold the farm, and now we are allowing our resources sector to be sold off! This is just the beginning! How many more will the Foreign Investment Board allow? Do they really understand the situation? I think not!

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