hanlong execs get extended stay in Aust, page-4

Question is whether the wrong doing is only with part of solely on Steven Xiao and his wife or does Hanlong Mining overall have a part with this.
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ASIC freezes China's Hanlong Mining assets as part of insider trading probe

David Fickling
From: Dow Jones Newswires
September 13, 2011 9:29AM

AUSTRALIA'S securities regulator has frozen assets and restricted travel of senior staff of China's Hanlong Mining as part of an insider trading investigation into the company's investments in Sundance Resources and Bannerman Resources.

The Australian Securities and Investments Commission said the NSW Supreme Court had made interim orders preventing Hanlong managing director Steven Hui Xiao from leaving Australia before September 22, except for a visit to Hong Kong today and tomorrow.

ASIC has also frozen the assets and restrained travel by Mr Xiao and Hanlong staff Calvin Zhu and Fan Zhang.

Freezing orders were also made against Mr Xioa's wife Xike Hu, FanFan Chen and Wingatta Pty Ltd, which the regulator describes as an entity associated with Mr Zhang.

The regulator said its investigation was at an early stage.

Hanlong, a division of Sichuan Hanlong, is also the majority shareholder in Australian molybdenum miner Moly Mines.

Hanlong spokesman Mr Zhu said he was unable to comment on the investigation.

http://www.theaustralian.com.au/business/companies/asic-freezes-chinas-hanlong-mining-assets-as-part-of-insider-trading-probe/story-fn91v9q3-1226135445157