which for some unacceptable reason has by force become convertible into TRW shares
Are you talking about the 36.6% stake now, or the speculation that SIAF might increase the stake beyond 36.6%? (if the latter - please call it a speculation unless you have some news for us)
Remains to be seen about the rest but I fear we start to see more bad debt in the next filings or more "investments" somewhere