It is possible there will be a repeat of the Probuild and Worley situations with FIRB approval for the QCLNG Common Facilities deal being followed by a private conversation that sees the deal withdrawn.
Foreign investors trying to understand the regulatory rules applied to the purchase of publicly listed and privately owned companies have good reason to be confused.
The system is not only opaque it is easily gamed by vested interests operating behind closed doors.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
