Reported 11 months ago
The Chinese investor Yuxiao Fund failed to secure a board seat at Australia's Northern Minerals after Treasurer Jim Chalmers ordered them to sell 10.4% of shares for national interest reasons. Australia aims to reduce reliance on Chinese rare earths. The cyberhack and share sale order were declared unrelated according to Northern Minerals' Chairman, stating the company refused to engage with hackers demanding ransom following a data leak disclosure on the dark web.
Source: YAHOO