SEC says Clear Channel Outdoor Holdings settles charges of bribing Chinese officials

Clear Channel Outdoor Holdings

28/09/2023 21:06

WASHINGTON, Sept 28 (Reuters) - The U.S. Securities and
Exchange Commission said on Thursday that advertising company
Clear Channel Outdoor Holdings  CCO.N  agreed to pay more than
$26 million to resolve charges it bribed Chinese government
officials to obtain outdoor advertising contracts in violation
of U.S. law.
    Representatives for Clear Channel Outdoor did not respond
immediately to requests for comment.
    

 (Reporting by Kanishka Singh and Chris Prentice
Editing by Chris Reese)
 ((Kanishka.Singh@thomsonreuters.com; +12024508248;))