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Treasurer Orders China Investors to Dump 27% Stake, Trading Suspended

5/18/2026

Summary

Story summary

Treasurer Jim Chalmers ordered six China-linked investors to divest their roughly 27% stake in Northern Minerals within two weeks.
The Australian Securities Exchange suspended trading in Northern Minerals on 18 May 2026 after the divestment order.
The company’s shares fell 4.2% in Sydney, cutting its market value to A$219 million.
The targeted shareholders include Beijing-based Vastness Investment Group (over 6% of the firm) and Hong-Kong-registered Qogir Trading and Service Company (almost 5%).

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Story summary

Treasurer Jim Chalmers ordered six China-linked investors to divest their roughly 27% stake in Northern Minerals within two weeks.
The Australian Securities Exchange suspended trading in Northern Minerals on 18 May 2026 after the divestment order.
The company’s shares fell 4.2% in Sydney, cutting its market value to A$219 million.
The targeted shareholders include Beijing-based Vastness Investment Group (over 6% of the firm) and Hong-Kong-registered Qogir Trading and Service Company (almost 5%).