U.S. bans Beijing Shiji from owning Maryland-based StayNTouch
- Country:
- United States
The United States on Friday ordered Beijing Shiji Information Technology to divest entirely from mobile hotel property firm StayNTouch, with President Donald Trump saying in an order that its acquisition of the Maryland-based company may threaten national security.
The order said that through the acquisition of the software system that Shiji could take actions that "threaten to impair the national security of the United States." StayNTouch, founded in 2013, calls itself a "Shiji Group Brand," and on its website says it was acquired by Shiji Group in 2018.
ALSO READ
-
Iran’s Civilians Trapped Between State Repression and Deadly Strikes, UN Warns
-
Prospects of a New Summit: South Korean Optimism Amid Uncertainty
-
Nomination Turbulence: White House Withdraws Jeffrey Anderson for ICAO Post
-
Potential EU Partnerships Stir International Debate
-
Trump's Rate War with the Fed: A High-Stakes Economic Drama
Google News