China may "WANT the deal", but as far as I'm aware unless it or...

China may "WANT the deal", but as far as I'm aware unless it or its agents have enough equity in SDL they can't automatically take over SDL. The last time I looked Australia still controlled dealings on its own stock exchange.
Just because the Hanlong bid has probably folded neither the Chinese Government nor its agents can't automatically take the bid over. China has to purchase shares like the rest of us before it can launch another bid; and, given the track record of this bid, without new safeguards for other shareholders I give the Chinese two chances...