From the Geelong Advertiser Spirit tower developers have...

From the Geelong Advertiser

Spirit tower developers have acquired a majority of ASX-listed Frontier Resources, and named lawyer Tony Hickey as a director​

THE Chinese developers of the $1.3 billion Spirit super tower at Surfers Paradise have quietly taken over an obscure ASX-listed mining fund with interests in remote regions of Papua New Guinea and Africa.
Gold Coast lawyer Tony Hickey became a director of listed Frontier Resources Ltd on June 19, along with Yun Wei “Fenix” Dong, CEO of Forise Investment Australia, the company behind the Spirit development.
Mr Hickey’s company, Hickey Management, is managing the luxurious 479-apartment project for Forise Investment Australia, which is part of Chinese mega-company Fu Hua Holdings.
Agents for Spirit, at Surfers Paradise Esplanade on the former Iluka site, have sold 17 apartments in the lavish project, in which entry-level units are over $1.1 million. However, there is speculation the project could be under a cloud.
The developers have already spent an estimated $120 million on the development.
Mr Hickey, who is currently overseas, could not be contacted yesterday and declined to comment on the matter this morning.