Sundance takeover

After suspense grew to high levels, Sundance Resources Ltd. informed that the takeover might not be completed as Sichuan Hanlong group would miss another deadline to demonstrate crucial credit approvals. The $1.4 billion takeover is slowly dying its natural death as the Chinese company once again failed to show that it could finance a deal. Australia’s Sundance Resources might be in deep problems as investors reacted nervously to the news.