China Zhongwang Holdings Limited

Carson Block Clears The Air With Revelation of Muddy Waters’ Authorship of Critical 2015 Anonymous Report on China Zhongwang

Carson Block Clears The Air With Revelation of Muddy Waters’ Authorship of Critical 2015 Anonymous Report on China Zhongwang

The identity of an anonymous short seller whose report led to turmoil for China Zhongwang Group as well as drawing regulators’ attention to the trade disparities between the United States and China is anonymous no more. In an interview with financial media...

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Events

Sources Say Aditya Birla Readying Offer for Aleris

Sources Say Aditya Birla Readying Offer for Aleris

According to sources who spoke with domestic media, Aditya Birla Group is preparing to make an offer for Hindalco’s extruded aluminium subsidiary Aleris International, Inc. The sources, who spoke to the media on condition of anonymity, say that the firm is assigning an enterprise value of US$2.5 billion to the Cleveland, Ohio subsidiary. According to […]

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Zhongwang Acquires German Alumnium Extrusion Firm ALUnna

Zhongwang Acquires German Alumnium Extrusion Firm ALUnna

The world’s second largest aluminium extrusion firm China Zhongwang Holdings Ltd announced yesterday that it now holds a controlling interest in German aluminium extrusion firm Aluminiumwerk Unna AG (ALUnna). Although no price for the purchase was given, the deal gives wholly owned German subsidiary Zhongwang Aluminium Deutschland GmbH a 99.72-percent equity interest in ALUnna. According […]

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U.S. Commerce Department Extends Anti-Dumping Measures to Zhongwang’s 6xxx-Series Aluminium Alloy Pallets

U.S. Commerce Department Extends Anti-Dumping Measures to Zhongwang’s 6xxx-Series Aluminium Alloy Pallets

The United States Department of Commerce announced the findings of its investigation of 6xxx-series aluminium alloy pallets imported into the country from the People’s Republic of China, declaring that such pallets fall under the scope of anti-dumping and countervailing duty orders issued late last year. Although the order covers all imports, the Commerce Department’s announcement […]

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U.S. Lawmakers Urge Treasury Secretary to Reject Zhongwang’s Purchase of Aleris

U.S. Lawmakers Urge Treasury Secretary to Reject Zhongwang’s Purchase of Aleris

Over two dozen United States legislators signed a letter calling upon U.S. Treasury Secretary Steven Mnuchin to disallow the sale of value-added aluminium firm Aleris to the People’s Republic of China’s controversial aluminium titan China Zhongwang Holdings. The letter, which was distributed to Reuters yesterday, cited national security concerns as their grounds for objecting to […]

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