Print Page   |   Sign In   |   Join
News & Press: Industry News

Liu Zhongtian - A Magnet for Controversy

Friday, September 02, 2016   (0 Comments)
Share |

The Chinese aluminium magnate Liu Zhongtian has been busy over the past several months. His latest move, namely his firm’s purchase of US firm Aleris, came as a shock to many in the market for a variety of reasons. Zhongwang USA LLC, an investment company owned by China Zhongwang’s parent company Zhongwang International Group Ltd, set a record for the highest price ever paid by a Chinese firm for a United States metals producer, tendering US$1.1 billion for the Cleveland-based concern.


However, the purchase may attract the attention of the Committee on Foreign Investment in the U.S., which is a committee of the Treasury Department that reviews foreign investments in United States assets. More...

Association Management Software Powered by YourMembership  ::  Legal