Olympus Mounts $100 Million Investment in Zhongwang

Capital will invest $100 million for a minority stake in Zhongwang International Group, Finance Asia reported.

With its investment Olympus Capital will be able to appoint one director to the nine-member strong board of China Zhongwang Holdings.

Liaoning Zhongwang Group, a subsidiary of Zhongwang International Group, is an aluminium manufacturer and supplier of light transportation material in China.

Zhongwang has grown to become the third largest aluminium extrusion profile manufacturer in the world since its 1993 creation. In 2007 it had sales of over $1.5 billion.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.