The Williamstown shipyard, the last in Victoria able to build and maintain large naval vessels and located near Port of Melbourne, is being sold to EMKC, a property fund manager partly owned by Hong Kong's EMKC Group. A company representative confirmed the purchase contract has been signed, with the value undisclosed, though the site had been listed in 2024 at an estimated AUD 200 million. The deal has raised national security concerns, as the article notes that China's national security and foreign relations law could draw interest from its intelligence agencies, and it is unclear whether the Hong Kong company holds a majority stake. The yard built all 10 ANZAC-class frigates, but most staff were laid off after its last ship was completed in 2016. The sale comes as Australia replaces ANZAC frigates with Japan's New FFM design.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Australia bán xưởng đóng tàu chế tạo khu trục hạm ANZAC cho Trung Quốc?
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AUD/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 0.70319 |
| Change that session | +0.04% |
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