Key Insights Northern Minerals' significant individual investors ownership suggests that the key decisions are...
A China-linked fund that is a major shareholder in Australia's Northern Minerals has filed a motion to oust the rare earth developer's chairman after the fund's move for a higher stake was rejected on national interest grounds early this year. Singapore-based Yuxiao Fund, which owns a near 10% stake in Northern Minerals, proposed a shareholder's resolution that Chairman Nicholas Curtis be immediately removed as a director, Northern Minerals said in an exchange filing on Tuesday. Yuxiao Fund is a private company that lists Chinese national Wu Yuxiao as its sole shareholder and director, its corporate filings show.
With its stock down 14% over the past three months, it is easy to disregard Great Northern Minerals (ASX:GNM). However...