BUSINESS/CHINA/TECHNOLOGY/TRUMP EXECUTIVE ORDERS: “There is credible evidence that leads me to believe that (1) Beijing Shiji Information Technology Co., Ltd., a public company organized under the laws of China, and (2) its wholly owned direct subsidiary Shiji (Hong Kong) Ltd., a Hong Kong limited company (together, the “Purchaser”), through acquiring an interest in StayNTouch, Inc. (“StayNTouch”), a Delaware corporation, might take action that threatens to impair the national security of the United States…
The transaction resulting in the acquisition of StayNTouch by the Purchaser is hereby prohibited, and ownership by the Purchaser of any interest in StayNTouch and its assets, whether effected directly or indirectly through the Purchaser, or through the Purchaser’s shareholders, partners, subsidiaries, or affiliates, is also prohibited.”
-Donald Trump, “Order Regarding the Acquisition of Stayntouch, Inc. by Beijing Shiji Information Technology Co., Ltd.” whitehouse.gov, Mar. 6, 2020
[Note: Read the full Executive Order signed by Donald Trump.]