Skyrizon, subsidiary of Beijing Xinwei Technology Group, is pursuing a new, multi-prong strategy in its 4 year bid to win control of Ukraine’s Motor Sich,

Skyrizon, subsidiary of Beijing Xinwei Technology Group, is pursuing a new, multi-prong strategy in its 4 year bid to win control of Ukraine’s Motor Sich, one of the world’s largest manufacturers of aircraft engines and industrial gas turbines. Last month, Skyrizon informed Ukraine’s Justice Ministry that it has started international arbitration, demanding $3.5 billion in compensation. Separately, Skyrizon and its Kharkiv-based partner, DCH Group last week filed an updated joint application with Ukraine’s Antimonopoly Committee of Ukraine to buy Motor Sich. In August, the Committee rejected an earlier application.