China Zhongwang fake semis

Liu Zhongtian – A Magnet for Controversy

Liu Zhongtian – A Magnet for Controversy

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,...

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China Zhongwang to Spin Off Extrusions Business As Founder Resigns

China Zhongwang Holdings Limited announced this week that it will spin off its industrial extrusion business and list it in Shanghai. At the same time, the firm separately announced the resignation of its founder and long-time president Liu Zhongtian, which is likely to raise further questions about Zhongwang’s past. While Zhongwang was Hong Kong’s largest […]