Sundance to seek new China suitor
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
China's Hanlong was unable to meet Tuesday's financial deadline for the $1.3 billion takeover of the Africa-focused iron ore hopeful.
By the close of trade on Wednesday, the Australian Securities Exchange had not received any announcement from Sundance.
Investors have already priced in the likelihood of the deal falling over, with shares in Sundance last trading at 21¢ due to Hanlong's inability to secure finance and serious leadership problems.
Sundance was placed in a trading halt on March 20.
Last week Hanlong told Sundance the credit approved term sheets required to be provided under the scheme implementation agreement as part of the takeover would not be delivered as planned, meaning either party could terminate the agreement.
Some analysts say Perth-based Sundance could now be broken up and sold off after Hanlong failed to bring the deal to a head.
Taking over Sundance would allow a player, such as a state-backed Chinese entity, to take control of the multibillion-dollar Mbalam iron ore project in Cameroon, near the Congo border.