Shares of Chinese payment systems company plunge after FBI raid

Shares of PAX Global Technology plunged 43.3% in Hong Kong on Wednesday before going into a trading halt amid media reports of a law enforcement raid on a Florida warehouse belonging to the Chinese payment terminal maker.

October 27, 2021

https://asia.nikkei.com/Business/Finance/Shares-of-Chinese-payment-systems-company-plunge-after-FBI-raid

Pax Global Technology Ltd. 327 (Hong Kong)

Institutions that own 327 (includes):

BlackRock Fund Advisors (10,776,000 shares)

https://www.wsj.com/market-data/quotes/HK/0327/company-people

FBI Raids Chinese Point-of-Sale Giant PAX Technology

more than 60 million point-of-sale terminals in use throughout 120 countries

raid is tied to reports that PAX’s systems may have been involved in cyberattacks on U.S. and E.U. organizations

“My sources say that there is tech proof of the way that the terminals were used in attack ops,”

October 26, 2021

https://krebsonsecurity.com/2021/10/fbi-raids-chinese-point-of-sale-giant-pax-technology/