Hanlong's shares in SDL is fundamentally crucial in China eventual completion (or attempted completion of the takeover - there is no guarantee China will come out on top - logic suggest they should as commercial entities no matter how formidable would be no match for the largest sovreign fund in the world and one that is desperate to have a say in IO pricing).
The shares belong to the CDB. Hanlong could sell 1 SDL share without the permission of Beijing.
If anything Chinese interest would have been buying heavily on the day the stock came out of suspension.
Having said that, we don't know how many of the trades are mickey mouse juggling act.
SDL Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
