China’s Skyrizon, and Kharkiv’s DCH Group will submit an updated application

Thursday, September 10, 2020
China’s Skyrizon, and Kharkiv’s DCH Group will submit an updated application

China’s Skyrizon, and Kharkiv’s DCH Group will submit an updated application to the Antimonopoly Committee of Ukraine for the purchase of Motor Sich, the Zaporizhia-based aircraft engine maker, Interfax-Ukraine reports. It cites a notice sent to the Shanghai Stock Exchange by Beijing Xinwei Technology Group, parent company of Skyrizon. Interfax reports that Chinese accumulated 75% of Motor Sich shares before Ukraine’s State Security Service intervened to stop the sale. Skyrizon threatens to sue Ukraine, demanding compensation for $3.5 billion in losses, Unian reports.

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