Chinese-controlled company fights Ottawa's order to divest assets on security grounds

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

The Liberal government has directed a state-owned Chinese telecommunications firm to divest its stake in a Canadian subsidiary over national security concerns, prompting a court challenge of the order.

China Mobile International Canada is asking the Federal Court to set aside the recent decision, saying the government has no grounds to believe the company would compromise security or engage in espionage on behalf of Beijing.

China's actions against Spavor and Kovrig are widely seen in the West as retaliation for the late 2018 arrest by Canadian authorities of Meng Wanzhou, an executive with Chinese firm Huawei Technologies, so she can be extradited to the U.S. to face fraud charges. CMI Canada says it inadvertently neglected to inform the federal government of its presence as a new Canadian business until October of last year. A series of requests for information from federal officials soon followed.

Following additional information exchanges, the government issued an Aug. 9 order directing China Mobile to either divest itself entirely of or wind up the Canadian business within 90 days.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We can’t lob tomatoes…

Do you know your politicians? Are you aware which politician is responsible for the area that you live in? Download ‘Rippel App’. Find us on App store and google play store.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese company pushes back on Canada’s espionage concerns following court order - National | Globalnews.caThe case unfolds amid high tensions between Ottawa and Beijing over China's prolonged detention of Canadian citizens Michael Kovrig and Michael Spavor for alleged spying.
Source: GlobalNational - 🏆 81. / 51 Read more »

Canon buys B.C. company set to transform CT scanning business in US$335-million dealCanon to buy B.C. company Redlen Technologies for US$335-million, hopes to develop medical imaging technology portion of company
Source: globeandmail - 🏆 5. / 92 Read more »