Sundance seeking new partner 30 Apr, 8:47 AM IndustriesResources and Energy By a staff reporter
Sundance Resources Ltd is pursuing suitors both in China and beyond, following the collapse of Chinese suitor Hanlong's takeover bid for the group.
In a statement to the Australian Securities Exchange, Sundance said it was vigorously pursuing renewed discussions both with Chinese parties other than Hanlong and with interested groups outside China on a number of options for the development of the Mbalam Project.
"Sundance is pleased with the progress that has been achieved already and looks forward to successfully concluding arrangements for the introduction of a strategic partner to the project," the group said.
Earlier this month, the scheme implementation agreement between Sundance and Hanlong was terminated.
Under the agreement, Hanlong would have acquired 100 per cent of Sundance Resources, however the deal collapsed when the Chinese company ran into problems financing the bid.
