great news-hanlong group, page-21

Hi Razman

Don't be confused, this is not a JV arrangement - simply someone buying shares in the company. Sundance has no say in who buys shares. It's an arrangement between the seller and the buyer. Usually happens through the market (like you and I) or in this case, because of the size of the deal, it was obviously negotiated directly between the parties.

Foreign buyers need to get FIRB approval. Up tp 19.9% ownership there are no other restrictions but beyond that there are ASX rules relaating to takeovers that kick in.