Here are the top 3 holders. I assume they are all the owner. He...

Here are the top 3 holders. I assume they are all the owner. He owns 60% of the shares so that's a bit of tax, depending on how he has the investment structured and Chinese tax rules

CITICORP NOMINEES PTY LIMITED 168,819,032 38.8%
HSBC CUSTODY NOMINEES 68,787,051 15.8%
CHOU QIN INTERNATIONAL CO LTD 23,000,000 5.3%


So yes his own personal tax position certainly could have big impact on dictating the reason to pay or to not pay dividends

Isn't there a minority protection for shareholders in instances like this?