Correct me if I'm wrong but Hanlong paid 44c for Talbots stake at $200 million. The stake is now worth half that,
Mr Hanlong might be under a bit of pressure if Sundabce were to bring another non Chinese party onto the register for a large stake at a much lower price or alternatively do a free carry JV.
Hanlong and China only have themselves to blame. Chinas reputation regarding deals has taken a massive hit.
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