Latest news with #WangYongxin
Sky News AU
5 days ago
- Business
- Sky News AU
Concerns over Chinese purchases near AUKUS ports
Sky News political reporter Julia Bradley says a Chinese businessman, Wang Yongxin, allegedly tied to the Chinese Communist Party, has been linked to property deals at the Kembla and Newcastle ports. "Mr Wangs son, Wang Zhongdong, who is director of the company Port Kembla Group, he purchased the Port Kembla site back in January," Ms Bradley said. "The purchase for the site... was for commercial reasons related to endeavors in the green energy space. He's also denied any link to China's United Front, the communist party's foreign influence arm. "It's unclear whether the deals were reviewed by the foreign investment board, so far, no commentary from the government as to those purchases."
Sky News AU
5 days ago
- Business
- Sky News AU
Chinese firms purchase land near ports shortlisted for AUKUS submarine bases
Companies tied to Chinese businessman Wang Yongxin have bought land near two Australian ports shortlisted for AUKUS submarine bases. The sites at Port Kembla and Newcastle were flagged by Defence in 2023 for future nuclear submarine facilities. The Australian reveals Mr Yongxin is linked to China's Communist Party, raising national security concerns. It's unclear if the Foreign Investment Review Board reviewed the deals. The government has not commented on the purchases.
