China Transinfo Technology's Unit Included in US' Export Control List

MT Newswires Live
12 Dec 2024

China Transinfo Technology's (SHE:002373) unit, Zhejiang Uniview Technology, was included in the US' entity list for export control, according to a Shenzhen Stock Exchange disclosure on Thursday.

Companies under the list must apply for export licenses from the US Commerce Department when purchasing items controlled by the regulations.

The software developer said it is "actively responding to the risks that may arise" in the unit's inclusion in the list, the disclosure added.

The company's shares slipped more than 1% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10