it would not surprise me one bit if the NDRC delay is also in part due to the low SP. NDRC might be saying to Hanlong - why should we give you approval to buy a company for $1.5b that is currently worth only $1b?
Perhaps NDRC are putting the pressure on Hanlong & SDL to renegotiate the terms of the SIA - downwards.
flip the bird to hanglong...., page-7
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