Aluminium firm Zhongwang seeks advice after US smuggling charges
Share price plummets as Chinese company and founder indicted in US
04 August 2019 - 20:16
Beijing — China Zhongwang Holdings said on Sunday it was seeking legal advice after the company and its controlling shareholder, Liu Zhongtian, were indicted on charges they evaded $1.8bn of tariffs by smuggling aluminium into the US.
Zhongwang said in a statement to the Hong Kong stock exchange that it and Liu had still not been served with any notice in relation to the legal proceedings...
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