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Australia treasurer officially rejects China bids for Ausgrid

MR MORRISON: He stuck by his decision on Friday, saying it was based on unspecified national interests.


AUSTRALIAN Treasurer Scott Morrison on Friday officially rejected bids by two Chinese companies in the A$10 billion (S$10.3 billion) sale of the country's biggest energy grid, Ausgrid, after they failed to overcome security concerns.

Last week, Mr Morrison announced that