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Australia blocks Kirin's $430M sale of business to Chinese

by Associated Press
| August 25, 2020 12:03 AM

CANBERRA, Australia (AP) — Australia's government announced on Tuesday it proposed to block Kirin Holdings Co.'s 45.6 billion yen ($430 million) sale of its Australian beverage unit to a Chinese company in a development likely to increase strain on Chinese-Australian relations.

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