Correct me if I'm wrong but Hanlong paid 44c for Talbots stake at $200 million. The stake is now worth half that,
Mr Hanlong might be under a bit of pressure if Sundabce were to bring another non Chinese party onto the register for a large stake at a much lower price or alternatively do a free carry JV.
Hanlong and China only have themselves to blame. Chinas reputation regarding deals has taken a massive hit.
SDL Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
