Mao Zhongwu Net Worth is$700 Million
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Mao Zhongwu Net Worth: Mao Zhongwu is a Chinese businessman who has a net worth of $700 million. One of the four executives of equipment manufacturer Sany Group, Mao Zhongwu entered the billionaire circles in 2013. But since, he has witnessed a slight decline in his wealth following a dip in the stock prices of flagship Sany Heavy Industry and coal equipment maker Sany Heavy Equipment International. In October, Mao left his position as the company's chairman, but remained a member of the board. In an attempt to speed its overseas expansion, Sany moved its headquarters to Beijing in December while still keeping most of the operations in its original home in Changsha. Still, in September, the group suffered a setback after the U.S. rejected a Sany-backed application to build a wind farm next to a U.S. military base in Oregon. The above contrasts with Sany's successful union with China's CITIC Private Equity Advisors to purchase Putzmeister of Germany, one of the largest concrete pump manufacturers worldwide, in a contract worth $475 million earlier last year.

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Mao Zhongwu Latest News

Sany Heavy soars, banks dip, HSI up

Mao Zhongwu (right), chairman of Sany Heavy Equipment International Holdings Co, gives a thumbs-up at the company's listing ceremony in Hong Kong yesterday. Sany, China's largest maker of roadheaders for coal mining, jumped as much as 33 percent on its ...
Posted: November 25, 2009, 11:28 pm

Some fearful China billionaires steer clear of rich

Along with Liang, three other entrepreneurs associated with Sany are on the rich list: Tang Xiuguo, Mao Zhongwu of Xiang Wenbo. Liang, Mao and Tang were all founders of the company. Other members of the Forbes top-ten included Liu Yonghao, an agribusiness ...
Posted: September 8, 2011, 10:30 am

Sany Heavy Equipment 'l Hlds : TERMINATION OF DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO THE INVESTMENT AGREEMENT

As at the date of this announcement, the executive Directors are Mr. Qi Jian and Mr. Zhang Zhihong, the non-executive Directors are Mr. Tang Xiuguo, Mr. Xiang Wenbo and Mr. Mao Zhongwu, and the independent non-executive Directors are Mr. Ng Yuk Keung ...
Posted: September 18, 2017, 5:00 am
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