Australia Approves Hanwha's Austal Stake Increase
Update: 2025-12-12
Description
Australias Treasurer approves Hanwhas increased stake in Austal, shipbuilder for Japans navy, amidst Japanese concerns over national security and intellectual property. Strict conditions imposed to address these concerns, as Australia seeks to bolster defense ties with Japan in the face of Chinas military expansion.
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