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Are the Big 4 doing SDL a favour?, page-61

  1. 10,494 Posts.
    ....Do you think that if Hanlong got the takeover that it would be given to the Chinese mills???????????? ...

    Hi Bluto, just out of interest, since when did you come across SDL ?

    I am quite busy now.

    But to answer your question...unofficially that would always have been the case for Hanlong was just the private front to make the acquisition.

    http://www.smh.com.au/business/swans-beijing-bind-20110802-1i9t5.html

    ''Every company in Hanlong Group is private,'' reported China Business News, paraphrasing comments from Mr Liu. ''Australia is a rule-of-law country, the Australian Government doesn't have a law that can resist these takeovers.''

    Here the importance is not what Liu said but that it was paraphrased by the China Business News (of China Daily - a government mouthpiece).

    Read more: http://www.smh.com.au/business/swans-beijing-bind-20110802-1i9t5.html#ixzz3CynJsyAJ


    That became official when the 7th Feb 2012 ASX release stated:

    ....NDRC makes final approval conditional on Hanlong securing a large Chinese partner to assist with the developement of the Mbalam-Nabeba project....
 
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