Hi All.
A report by Tom Elliott published in Eureka Report on September 19th 2011 in part said.
So where does this leave the deal? The fact that the parent dispatched group vice-president Kang Huan Jun to sort out the mess tells me that the deal is still afoot,but while Sundance says it's business as usual,Hanlong is now in a very uncertain position about whether it can close a deal.
Reports Are appearing that Hanlong doesn't have financing in place to pay for Sundance,that the Chinese regulator may take another look at whether the company is best placed to make the bid(and whether it might allow another company to make an offer instead),and there will be considerable pressure on the company because this whole episode is embarrassing for China.
Regards
Westcott.
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