China’s Zhongwang, Aleris extend merger deadline …

Zhongwang USA, an investment firm backed by a Chinese aluminium tycoon, and its acquisition target Aleris Corp have decided to extend a deadline to complete their merger by two weeks, according to representatives of the two companies. The extension comes amid reports of smuggling allegations made on Thursday by the U.S. Department of Justice against Liu Zhongtian, majority owner of Zhongwang

Zhongwang USA LLC Archives – Aluminium Insider

Zhongwang USA and Aleris Corp agreed on Friday to extend the deadline to cement the sale of the latter to the former by another two weeks. The previous deadline, which itself was the product of an extension, was Friday. “We remain in discussions with

Zhongwang USA Announces Termination of Proposed …

Zhongwang USA expressed disappointment that the acquisition would not proceed and said, “T hrough the proposed acquisition, the Company was committed to preserving American jobs and investing

Aleris’s Chinese Sale Gets Held Up by U.S. Security …

Zhongwang USA agreed to take on Aleris’ $1.22 billion debt in return for gaining access to North American and European markets and adding rolled aluminum sheet products. At the time, Stack said he didn’t anticipate any regulatory hurdles because the deal didn’t “check any …

Zhongwang USA’s .3 bln acquisition of Aleris rejected by …

Zhongwang USA LLC, an investment firm backed by a Chinese aluminum tycoon, announced late Monday that its merger agreement with Aleris Corp has been terminated upon mutual agreement and its expiration is on Sunday.

China Zhongwang to Acquire Aleris for $2.33 …

SHANGHAI, Aug. 31 (SMM) – Zhongwang USA LLC, an entity controlled by China Zhongwang’s founder Liu Zhongtian, announced August 29 to buy Aleris Corporation for $2.33 billion, according to China Zhongwang’s website. The deal marks the biggest acquisition

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Aleris in deal to be acquired by Zhongwang USA LLC
Aleris Corp has entered into a definitive agreement to be acquired by Zhongwang USA LLC in a deal worth $2.33 billion, the company said. Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here

Tianjin Zhongwang Usa Corporation
US Customs Records Notifications available for Tianjin Zhongwang Usa Corporation. See their past imports from Tianjin Zhongwang Aluminium Co.,ltd, a supplier based in South Korea. Follow future shipping activity from Tianjin Zhongwang Usa Corporation.

Zhongwang Acquires German Alumnium Extrusion …

Zhongwang has steadfastly denied the allegations, with the latest such response coming in a detailed press release a month ago. Zhongwang’s subsidiary Zhongwang USA continues to pursue the purchase of Aleris Corporation as well, despite significant opposition from the industry and United States regulators.

Zhongwang USA announces termination of proposed …

Zhongwang USA said it was deeply disappointed by the outcome. “This has been a constructive process for Zhongwang USA, and our executives have tremendous respect for the management and workers at Aleris, they are a world-class team,” it added.

Aluminum producer Aleris bought by Zhongwang …

Cleveland, Ohio – Aleris Corp., a global aluminum rolled products producer, has entered into a definitive agreement to be acquired by Zhongwang USA LLC, a company majority-owned and led by Mr. Liu Zhongtian, founder of China Zhongwang Holdings Ltd.The

Aluminum Producer Aleris Corp Acquired by …

Zhongwang USA LLC is owned by Liu Zhongtian, who also founded China Zhongwang Holdings Ltd., the second largest producer of extruded aluminum in the world. Liu’s US holding is acquiring Aleris; China Zhongwang declined purchasing it directly, but states that it will consider doing so at an “ appropriate ” after this deal is complete.