Trump bans China's SuiRui Group from acquiring US Jupiter Systems
The US Department of the Treasury announced on the 11th that President Trump signed an executive order prohibiting China's SuiRui Group from acquiring US audio-visual equipment supplier Jupiter Systems through its Hong Kong structure.
It is reported that this decision was made based on the investigation by the US Committee on Foreign Investment (CFIUS). The investigation found a threat to national security, as Jupiter Systems' products are used for military purposes and critical infrastructure.
The US Department of the Treasury stated in the announcement: "The Committee on Foreign Investment found a threat to national security because Jupiter Systems' products used for military and critical infrastructure may be leaked."
According to the order, the Chinese side must abandon all rights and shares in Jupiter Systems. In addition, Jupiter Systems shall not own the assets or business of its Chinese subsidiary established after the transaction.
Original: https://www.toutiao.com/article/1837409978548224/
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