US blacklists Berkshire Hathaway’s Hong Kong-based company for ‘dealings’ with Chinese military

蘋果日報 2020/12/04 06:50


A Hong Kong-based subsidiary of Warren Buffett’s multinational conglomerate holding company Berkshire Hathaway has been blacklisted by the United States Department of Commerce for alleged ties with the Chinese People’s Liberation Army.
TTI Electronics Asia PTE Hong Kong Ltd, a unit of a U.S.-based TTI Inc, a Berkshire Hathaway company, was on the draft military end-user list, Reuters reported on Wednesday. The military end-user list is used to identify companies with ties to the Chinese or Russian military that would restrict exports to them.
U.S. companies have to obtain the U.S. government’s permission before they can supply their goods to the listed companies.
TTI “strongly” denied any ties to the Chinese military in a statement on Wednesday, saying it was an “authorized distributor of various electronic components, none of which is a military or defense item.”
“TTI can assure our business partners that neither TTI HK nor any TTI affiliate engages in dealings with the Chinese military. In fact, TTI and all of its affiliates, specifically including TTI HK, take extraordinary measures to ensure full compliance with all laws and regulations, including all U.S. export controls requirements,” it added.
The U.S. Department of Commerce declined to comment.
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