Nobel Group is a commodity trader and a global supply chain in industrial and energy products http://www.thisisnoble.com/. This was the reason why Nobel Group became one of the cornerstone investors in SDL.
Presently with the conversion of the notes, Noble Group holds 2.3 per cent of SDL and can easily increase it to 4.6 per cent by converting the balance of 2016 6500 Notes .
China Development Bank, the mortgagee of Hanlong shares presently holds around 19.6 per cent of SDL.
China's Tidfore agreed to acquire 51 per cent of Cam Sam SA (a subsidiary of SDL).
It looks like that the Chinese footprints gradually becoming stronger in SDL and its subsidiary, Cam Iron SA.
In any country in the world, state-owned banks are more likely to support and finance their home country's companies. Therefore, it is a normal practice if Chinese state-owned banks are more likely to finance the Chinese companies' projects in particular if those projects are huge and strategic.
Future is uncertain. Uncertainty could mean high risk or great opportunity.
This is not an advice. Gain or loss is in your own hands.
SDL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
