State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Australian builder Probuild in a deal reported to be valued at A$300 million (US$231 million). Photo: AFP
State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Australian builder Probuild in a deal reported to be valued at A$300 million (US$231 million). Photo: AFP
Economy /  China Economy

China-Australia relations: Beijing slams Canberra for ‘politicising’ canned US$230 million deal on national security grounds

  • State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Probuild
  • The sale was expected to be blocked by Australian Treasurer Josh Frydenberg and the Foreign Investment Review Board (FIRB) due to national security concerns

Su-Lin Tan
Su-Lin Tan

Updated: 10:47pm, 12 Jan, 2021

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State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Australian builder Probuild in a deal reported to be valued at A$300 million (US$231 million). Photo: AFP
State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Australian builder Probuild in a deal reported to be valued at A$300 million (US$231 million). Photo: AFP
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