China's Pax Global says FBI, Homeland Security raided subsidiary office in Florida

Pax Global Technology

29/10/2021 17:11

Oct 29 (Reuters) - China's Pax Global Technology Ltd
 0327.HK , a point-of-sale device maker, said on Friday that
U.S. federal investigators had earlier this week raided its
subsidiary's office in Florida, but did not disclose the reason.
    In a statement https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1029/2021102902980.pdf
 to the Hong Kong stock exchange, the company said officers of
the Federal Bureau of Investigation and Customs and Border
Protection executed a court order on Tuesday to seize certain
items from its unit Pax Technology Inc's Florida office and
warehouse.
    A cyber security blog https://krebsonsecurity.com/2021/10/fbi-raids-chinese-point-of-sale-giant-pax-technology
 had then reported about the raid and had tied it to the
company's likely involvement in cyberattacks on the United
States and European Union organizations.
    "As far as the board is aware ... there has neither been any
reported cyberattack incidents nor cyberattack complaints,
including any breach of security protocols, against PAX products
and services anywhere in the world," the Shenzhen-based company
said.
    Pax Global said the authorities have not published a
statement regarding the raid and it was not aware of any charge
being filed against the company.
    Trading in its shares on Hong Kong bourses has been halted
since Wednesday after they plunged more than 40%. The company
said on Friday the trading will resume on Nov. 1.
     

 (Reporting by Sameer Manekar in Bengaluru; Editing by Arun
Koyyur)
 ((Sameer.Manekar@thomsonreuters.com; +918061823447;))