Part 3/6:
Newcastle Port Acquisition
Similarly, Wang Yong Xin is linked to a property near Newcastle Port, owned by Oz Dragon Holdings, acquired late last year. Of particular importance is the location of these sites, as both are under consideration by Australia's defense department for establishing future submarine bases.
National Security Implications
Since 2023, the Australian government has shortlisted Kembla and Newcastle ports as strategic military assets. The potential foreign ownership of land near these sensitive sites has alarmed security officials and political analysts alike.