Chinese takeover of Bellamy`s infant formula would benefit tax-haven entities
(The Guardian China)

Almost 12% of firm´s shares are held by Curaçao-registered entity linked to Kathmandu founder Jan Cameron More than $176m will find its way to a mysterious entity in the Caribbean tax haven Curaçao linked to Kathmandu founder Jan Cameron if a proposed takeover of the infant formula company Bellamy´s Australia by a Chinese group goes ahead.The $1.5bn takeover bid, lodged by Hong Kong-listed China Mengniu Dairy Company, has drawn fire from Tasmanian independent Andrew Wilkie because one of Mengniu´s key shareholders is a company owned by the Chinese state, the China National Cereals, Oils and Foodstuffs Corporation (Cofco). Related: Following the money: where China`s $40bn investment in Australia is going | Greg Jericho Related: New tax data reveals Australians hold $100bn in offshore accounts Continue reading...