Liu Zhongtian
Liu Zhongtian 劉忠田 | |
|---|---|
| Born | 1964 (age 59–60)[1] Liaoyang, China |
| Nationality | Chinese |
| Citizenship | China Malta |
| Education | Diploma in Administrative Management, Liaoning Radio and TV University |
| Occupation | Businessman |
| Known for | Founder, China Zhongwang Holdings |
| Board member of |
|
| Spouse | married |
Liu Zhongtian (Chinese: 劉忠田) (born 1964) is a Chinese-Maltese billionaire businessman, and the founder of China Zhongwang Holdings Limited (HKEx: 01333), the world's second largest industrial aluminum extrusion company.[2]
Career[edit]
Liu founded China Zhongwang in 1993, and was both the chairman and the president. He stepped down as president in March 2016, but remained as chairman until November 2017.[3] Prior to China Zhongwang Holdings, Zhongtian was the founder and chairman of Liaoyang Factory, Futian Chemical, Hong Cheng and Liaoning Cheng Cheng Plastics.[citation needed]
In 2021, the US authorities indicted six of his companies involved in a $1.8 billion tariff-evasion scheme. Aluminum extrusions were disguised as pallets to avoid anti-dumping duties imposed in 2011 and stockpiled in several warehouses in Southern California. He was also trialed for faking sales of his aluminum through a shell company of his.[4][5] His group was fined $1.8 billion, and declared bankruptcy in 2022. It was revealed that the group had essentially grown through debt-fueled acquisitions.[6]
Personal life[edit]
He is married and lives in Liaoyang, China.[1]
Liu has purchased citizenship of Malta.[7]
References[edit]
- ^ a b "Forbes profile: Liu Zhongtian & family". Forbes. Retrieved 4 September 2019.
- ^ "China Zhongwang Holdings Ltd (CHZHF.PK)". Reuters. Retrieved 21 September 2016.
- ^ "China Zhongwang to Spin Off Extrusions Business As Founder Resigns". Aluminium Insider. Retrieved 21 September 2016.
- ^ Wang, Yue. "Companies Linked To Chinese Billionaire Convicted Of $1.8 Billion Tariff-Evasion Scheme". Forbes. Retrieved 12 December 2022.
- ^ Toh, Michelle (1 August 2019). "'Big Boss' Chinese billionaire indicted for allegedly dodging $1.8 billion in US tariffs | CNN Business". CNN. Retrieved 12 December 2022.
- ^ "Collapse Of Asia's Largest Aluminum Producer Leaves Massive Hole In Market". finance.yahoo.com. Retrieved 12 December 2022.
- ^ "Zhongtian Liu: the Chinese aluminium billionaire who is now a Maltese citizen and has been given the vote in Maltese general elections - Daphne Caruana Galizia's Notebook - Running Commentary". daphnecaruanagalizia.com. 20 May 2016. Retrieved 8 February 2018.