I noticed the article indicating that Hanlong executives are on charges relating to trading CFD's on Bannerman during their takeover bid in todays Age. (see Age article below).
Probably not relevant, but Deutsche Bank has been trading on behalf of CGNPC. Not sure whether CQS is trading for themselves or not, but links to both of their latest statements are below, and there is at least some level of CFD in both statements.
CQS has more than 5 million CFD's
CQS link http://www.reuters.com/article/2011/12/05/idUS145256+05-Dec-2011+BW20111205
Deutsche Bank link http://www.reuters.com/article/2011/12/05/idUS103357+05-Dec-2011+RNS20111205
ASIC is investigating suspect trades by three Hanlong executives, and their partners, in Sundance and Bannerman Resources, which were both takeover targets of Hanlong. The Supreme Court has heard trading accounts associated with the executives and their partners made nearly $1.8 million in profit from dealing in contracts for difference related to the two Australian miners.
Funds in those accounts, and some properties in Sydney, are among assets already frozen by the court.
Hanlong has stood down the three men under investigation, and has sought to distance itself. No one has been charged.
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