Sundance Resources has announced that effective from 12 March 2024 the beneficial owner of its second-largest shareholder, Hanlong Resources Ltd, has become China Sichuan International Investment Limited (CSII).
Hanlong currently holds 15.36% of Sundance’s shareholding.
CSII is a private company registered in Hong Kong SAR. CSII was established in 2016 and is the largest provincial overseas investment platform company from the Chinese province of Sichuan. CSII mainly implements business scope of investment, financing, logistics and trading with branches in mainland China, Hong Kong, Malaysia, and Australia.
CSII’s shareholders are four Chinese provincial state-owned enterprises: Shudao Investment Group Co., Ltd – 50%; Sichuan Huashi Group Co., Ltd – 20%; Chengdu Xingcheng Investment Group Co., Ltd -20%; and Sichuan Road and Bridge Construction Group Co., Ltd – 10%.