Investors face curb of 15% on stakes

Sydney: Chinese and other overseas investors in Australia’s major resource companies should limit proposed stakes to no more than 15% to improve their chance of winning approvals for deals, a regulator said.

“We prefer various sorts of cooperative and partnership arrange-ments,” said Patrick Colmer, director of the Foreign Investment Review Board, at an Australia-China investment forum in Sydney. “What we are looking for is a win-win situation.”

Overseas investors in new projects should limit investments to less than 50%, he said.