Sundance Holdings Ltd shares have been placed in a trading pending a release to the market by group.
In a statement to the Australian Securities Exchange, Sundance requested its shares be halted until the commencement of trade on Thursday, following media reports that Glencore could be a potential suitor for the group.
Sundance has been in protracted takeover talks with Chinese suitor Hanlong and is understood to be in China this week to continue discussions.
However, The Australian Financial Review reports, Glencore is a "very interested" Plan B for Sundance.
Sundance shares last traded at 21 cents.
SDL Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held