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Photo: DCH (gmk.center)
The DCH group of Ukrainian businessman Alexander Yaroslavsky and his Chinese partners Skyrizon have once again submitted an application to the Antitrust Committee of Ukraine for approval of the purchase of a stake in Motor Sich JSC.
This was reported by the DCH press service.
As noted in the company’s press service, the Chinese shareholders of Motor Sich JSC cannot start running the company from 2017.
They also recall that throughout this period the activities of the company were blocked by a series of arrests imposed in the framework of criminal cases three years ago, in which there are no suspects and who are not even investigated.
We will recall, earlier in a video message provided to RBC-Ukraine, key shareholder of Beijing Xinwei Technology Group and Beijing Skyrizon Wang Jing said that Chinese investors’ concern in Motor Sich is related to both the financial damage they suffered from investing more $ 1 billion, as with the sorry state of affairs at the company.
“As an investor, I am very surprised by a question: why, besides us, does no one really care about the survival of Motor Sich? development, the company should formulate and implement a strategic medium and long-term development plan for its products and services, ”said Wang Jing.
As you know, on September 14, the Kiev Shevchenkovskiy District Court refused to withdraw the arrest of Motor Sich JSC shares. According to lawyers, with their decisions, the Ukrainian courts help to block the work of the company and also try to “freeze” the current stalemate, which is a systematic violation of shareholders’ rights.
Furthermore, lawyers point out that the implausible criminal cases and subsequent arrests of actions are politically motivated and corrupt.
In turn, on September 4, Skyrizon’s Chinese investors sent a message to the Ukrainian government about their intention to initiate international arbitration against the state of Ukraine, demanding compensation of $ 3.5 billion in damages.
