Tuesday, August 11, 2020
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We are partners and strive to keep Motor Sich on Ukrainian soil,” wrote Wang, whose company is based in Beijing. “It is Chinese investment that sustains the company’s prosperity, saving thousands of jobs in the historic city…We are very sorry that, after five years, we have experienced only confusion and disappointment.” Adding that “DCH will own more than 25% of the company’s shares, which gives them the right to participate in the management of the Company and maintain its Ukrainian characteristics,” he says: “We have an ambitious plan to achieve our long-term goal, which includes the infusion of significant investments into the Motor Sich company on the territory of Ukraine, in Zaporizhia, to maintain and increase the production capacity of the plant.”

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President Zelenskiy signed the gambling law yesterday, ending Ukraine’s decade-long ban on casinos and slot machines.

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