(Corrects spelling of Hanlong in first paragraph)
Dec 5 Shares in Australian iron ore miner
Sundance Resources plunged as much as 14 percent on
Wednesday, after it said its takeover by Hanlong Group would be
delayed to the end of January, as the Chinese company has not
yet obtained the necessary funding.
Hanlong has told Sundance it will not be able to deliver key
paperwork by December 13 as initially agreed because China
Development Bank, which is providing the majority of funding for
the deal, has requested further information.
The deal had been due to close on Jan 8.
Sundance shares were down 11.0 percent to A$0.34 by 2319
(Reporting by Maggie Lu Yueyang; Editing by Edwina Gibbs)