Sundance Resources Limited (ASX:SDL) has requested a trading halt pending an announcement regarding the proposed $1.3 billion takeover by China’s Hanlong Mining.
The Australian Financial Review reports media speculation surrounding the likely hold up of the bid due to an investigation into allegations of insider trading involving three Hanlong executives.
The miner’s AGM will be held today in Perth.
Sundance Resources booked a net loss of $22 million in fiscal 2011.
