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One-time Sundance suitor Hanlong's Liu Han sentenced to death in China

The owner of disgraced Chinese company Sichuan Hanlong, Liu Han, has been sentenced to death in his homeland, according to reports.

Mr Han has been fighting murder charges in recent months after being accused of running a mafia style group based in the Chinese province of Sichuan.

Chinese media reported that a court in Hubei has sentenced Mr Han and his brother to death.

There have been suggestions he could be executed before the weekend is over.

The news comes after rumours in January that he may have been executed already.

Mr Han rose to notoriety in Australia during 2011 and 2012, when Hanlong was accused of insider trading while trying to get a foothold in the local mining industry.


The company took a controlling stake in ASX-listed Moly Mines, and launched takeover bids for iron ore aspirant Sundance Resources and uranium aspirant Bannerman Resources.

The insider trading case related to information shared during the Sundance and Hanlong takeover bids, and resulted in Hanlong official Calvin Zhu being jailed for at least 15 months in early 2013.

The Bannerman takeover flopped within months of being announced after Hanlong failed to produce funding.

The Sundance takeover dragged out for several years as Hanlong again struggled to win funding and approval from China's central authorities, and it was finally aborted in April 2013.

Both Moly and Sundance still have Hanlong listed as their major shareholders despite the tarring of Hanlong's reputation, and Mr Han sat on the board of Moly until 13 months ago.

The Hanlong connection saw both local miners receive funding from Chinese authorities like the China Development Bank, and some analysts expect the shareholdings will be passed through to the CDB.

Rumours out of China also suggest that Hanlong's assets will be broken up and auctioned off by the Chinese Government.

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