Trump Orders Chinese Company to Divest From US Business

President Donald Trump issued an order instructing Hong Kong-based Suirui International Co., Limited, to divest all its interests in Delaware-based Jupiter Systems, LLC, due to national security risks, the Department of the Treasury said in a July 11 statement.

Suirui International is a majority-owned subsidiary of Suirui Group Co., Ltd., a company organized under the laws of China, the order said. Suirui International had acquired all interests in Jupiter via a transaction in February 2020. The acquisition included two subsidiaries of Jupiter, one in Hong Kong and another in China.