Sany Group | South China Morning Post
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Sany Group

Sany makes clumsy Zoomlion approach

Sany Heavy and Zoomlion are competing to become the nation's first heavy equipment giant. Photo: AFP

Sany's quiet purchase of Zoomlion shares may have been a clumsy start to a stealth takeover attempt, reflecting Chinese firms' lack of experience at unsolicited M&A

Thursday, 27 June, 2013, 12:20pm

Court lets stand Obama’s China wind farm ban

China's machinery maker Sany Group held a press conference on their plans to sue US President Barack Obama after he blocked Ralls Corp., an affiliate to Sany, from purchasing four wind farms in Northern Oregon. Photo: EPA

A US judge said on Friday she can’t overturn President Barack Obama’s decision to revoke a Chinese company’s purchase of four wind farm projects in the vicinity of a US naval facility’s restricted airspace.

However, US District Judge Amy Berman Jackson said the Ralls Corporation has a right to a hearing over whether the White House should be forced to explain its decision.

23 Feb 2013 - 10:13am

Mainland bosses 'feel brunt' of stock slump

Liang Wengen

Retail investors might not be the worst-hit victims of the mainland's stock market downturn, new data suggests.

In fact, the top bosses of listed firms might have borne the brunt of the slump, their personal net worth shrinking dramatically.

8 Dec 2012 - 3:46am

Sany urges judge to consider Obama lawsuit

Machinery maker Sany is challenging a presidential block. Photo: AFP

An affiliate of Sany Group, China's biggest machinery maker, urged a United States judge to consider its lawsuit challenging President Barack Obama's decision to block a corporate transaction on national security grounds.

30 Nov 2012 - 2:53am

Communist Party Central Committee not for me, tycoon Liang Wengen insists

Liang Wengen, the mainland's richest man and chairman of the Sany Group, gives an interview on the sidelines of the national congress. He called for more participation of private entrepreneurs like him at future party congresses. Photo: Simon Song

One of China's richest men, Liang Wengen, yesterday denied he would become an alternate member of the Communist Party's Central Committee, putting to bed rumours that have persisted since last year.

12 Nov 2012 - 10:54am

Chinese firm says US rejection deters investment

Sany Heavy Industry President and board member of Sany Group Xiang Wenbo speaks to reporters at a press conference in Beijing on Thursday. Photo: EPA

The Chinese company suing President Barack Obama for blocking its planned wind farm projects in Oregon accused the US leader and his government of discrimination on Thursday and warned that the case would deter Chinese investment in the United States.

18 Oct 2012 - 6:14pm 2 comments

Obama blocks Chinese wind farms in Oregon over national security

Chinese-made wind turbines.  Photo: Reuters

President Barack Obama blocked on Friday a privately owned Chinese company from building wind turbines close to a Navy military site in Oregon due to national security concerns, and the company said it would challenge the action in court.

29 Sep 2012 - 11:24am