Look at how ASIC is pursuing Han Long for SDL insider trading. I think the Han Long Chinamen got too brazen thinking ASIC is just limp, droopy and flaccid.
They may have been emboldened that Wah Nam's warehousing their way into 55% ownership with ASIC powerless to act (when in fact ASIC has been secretely ambusing Han Long for a long time).
It is therefore entirely possibly that WN fearing ASIC would spring them a nasty surprise that they may just have refrained from using overseas associates to warehouse shares since June.
If that's the case, the WN has no hope of getting beyond 60% let alone 80%.
BRM Price at posting:
$2.19 Sentiment: Buy Disclosure: Held
