The deal which was to see Sundance Resources Ltd swallowed up by Sichuan Hanlong Group may be off-the-cards after the Chinese firm demanded a renegotiated price for the takeover.Sundance had accepted a 57c/share offer in June but was forced into a trading halt in early August after Hanlong used the recommendations of China's National Development and Reform Commission (NDRC) to renege on the original deal and renegotiate the price.Chinese firms must receive NDRC provisional approval before they can complete any corporate takeover and while this was granted, a number of conditions were set in place.
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