Gina Rinehart has been gazumped by Kerry Stokes in his replacement of Seven West Media CEO David Leckie with US-born Don Voelte, the former head of gas producer Woodside Petroleum.
The ban on the Chinese telecoms hardware and products company Huawei becoming involved in the NBN is odd to say the least.
Kerry Stokes has emphasised his very close links to China and the Chinese government by proposing to invest up to $US250 million of Seven Group Holdings cash into the forthcoming float of China's Agricultural Bank.
Yesterday, the $2 billion Seven-WesTrac deal got the official thumbs up. Now Kerry Stokes can celebrate the $1 billion of his private debt now safely housed in his new 68% owned listed conglomerate.