Tuesday, March 26, 2013

Hanlong mystery upsets takeover





The missing chairman of Sichuan Hanlong Group may be under investigation for harbouring his brother, a murder suspect, jeopardising the Chinese firm's agreement to buy Australia's Sundance Resources.


A man named Liu Han was being investigated for sheltering his brother, who was arrested for murder, Xinhua reported last week, without identifying him as the Hanlong chairman or giving further details.


Attempts by Sundance to contact Hanlong's chairman have failed since at least Friday, as have efforts by another Chinese firm that he leads.









via Business feed http://www.scmp.com/business/companies/article/1199699/hanlong-mystery-upsets-takeover

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