Pax Global subsidiary in US raided by FBI, Homeland Security, the Chinese point-of-sale device maker says
- Pax Global Technology disclosed in a statement to the Hong Kong stock exchange that law enforcement seized items at a Florida office and warehouse
- The disclosure comes after a cybersecurity blog reported about the raid and tied it to involvement in cyberattacks on US and EU organisations
China’s Pax Global Technology Ltd, a point-of-sale device maker, said on Friday that US federal investigators had earlier this week raided its subsidiary’s office in Florida, but did not disclose the reason.
A cybersecurity blog 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 organisations.
“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 per cent. The company said on Friday the trading will resume on November 1.