CAPITAL MARKETS

FIRB approves Hanlong acquisition of Sundance

SHARES in Sundance Resources have rebounded this afternoon by 7.5% on the back of news the Australian Foreign Investment Review Board has given the go ahead to Hanlong Mining’s proposed acquisition of the west Africa-focused company.

Brooke Showers

FIRB approves Hanlong acquisition of Sundance

Although Sundance shares fell by nearly 5% in morning trade to an intraday low of A32c, the share price jumped back up to 36c in afternoon trade following an announcement the FIRB had no objection to Hanlong’s...

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