Generally I agree with what you are saying but it's not as simple as that even in the SDL case.
There is no doubt in my mind HanLong was just a front to conduct take-overs (if it were a rouge company, it would not have been able to secure hundreds of $$ millions of STATE money to conduct high profile foreign acquisitions - Sundance, Moly, Bannerman and god knows what was next).
Having said that, the insider trader crime was committed at the individual level and China was't impressed. China has been harbouring Stephen Xiao whose return to Australia will probably never happen in his lifetime (as he clealy implicated HanLong the company before absconding).
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