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]
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 |
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.