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US investor frustration boils over Some of America’s biggest companies have called on the Foreign Investment Review Board to change its culture from one of saying “no you can’t …unless we say so” to one of “yes you can… subject to”. Mar 18, 2021 – 12.00am Save Share When it comes to bouquets and brickbats it is rare to see a brickbat as formidable as the one that just hit the Foreign Investment Review Board chairman David Irvine. It was lobbed at him by the American Chamber of Commerce in Australia (AmCham), PwC Australia, and representatives of Un...

17 March 2021 | 07:48am StockMarketWire.com - Mining group Red Rock Resources noted that Jupiter Mines, of which it holds an under 1% stake, had announced a delay to May if the expected IPO of iron ore spin-out Juno Minerals. Red Rock also said its Australian joint venture with Power Metal Resources had been awarded another two licences and was on track with its initial public offering. 'Jupiter had to alter its listing timetable for Juno due to a compliance issue with one overseas shareholder in relation to its obligations under the Foreign Acquisitions and Takeovers Act 1975 of Australia a...

BusinessWorld March 11, 2021 | 12:10 am ARRAN Investment will subscribe to four billion primary shares through a private placement at P2.97 apiece. — ACENERGY.COM.PH AN AFFILIATE of Singapore firm GIC Pte. Ltd. will be investing P11.88 billion in AC Energy Corp. (ACEN) for a 17.5% ownership stake in the local firm, the Ayala-led company said in a regulatory filing on Wednesday. ACEN said that Arran Investment Pte. Ltd. would be subscribing to four billion primary shares through a private placement at P2.97 apiece. The investment is subject to two pre-closing conditions, name...

Australia's foreign investment regime There is no specific regime relating to venture capital investment. Australia has a foreign investment regime which applies to certain acquisitions. The Australian Government’s foreign investment regime, generally speaking, encourages foreign investment in Australia. The regime consists of the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA), associated legislation and various regulations. The regime is also supported by Australia's Foreign Investment Policy (Policy) and around 50 guidance notes released by the Foreign Investment Review Board (...

Calisen sets long stop date of 30 September for £1.43bn sale to consortium