Chinese "Catl" under the congress and warning against the participation in the offer

The shares of the Chinese company “Contestini Amberex Technology” fell on Friday after a congressional committee called two of the largest US banks to withdraw their role in the initial public offering of the company on the Hong Kong Stock Exchange. John Mullenar, head of the chosen committee in the House of Representatives concerned about the Communist Party and the Republican Representative of Michigan State, said in two letters that Jimmy Damon, CEO of JP Morgan, and Bank of America CEO, said that the participation of the banks and the offering of the banks. and financial fiery fervor and the exposure of them. ‘ ‘Blacklisted Catal’ in the ‘Black Pentagon List’ last January referred to the inclusion of ‘Catal’ on the ‘Black Pentagon List’, due to the allegations of the connection with the Chinese army, and they pointed out the ‘America First Investment’ policy that was launched by US President Donald Trump, aiming to support Wall Street. to support the presentation of ‘Catal’. Catal is one of the most important Tesla providers and has objected to its inclusion in the US blacklist. Although the list does not impose direct fines, they prevent companies to deal with the entities listed in it. The shares of the company listed on the ecclesiastical exchange fell by about 0.9% on Friday morning before the losses were reduced. And “Catal” earlier this month, the approval of Hong Kong obtained to move forward in the public offer, which could raise at least $ 5 billion, making it the greatest proposal of its kind in the world. Bank of America’s shares rose 0.2% on Thursday, while JP Morgan shares rose by 1%. What if US banks do not withdraw? In the event that the banks refuse to withdraw from the agreement, the committee in the messages of detailed answers to 21 questions about risk assessment, compliance mechanisms and the possibility of violations of US laws. A spokesman for “Bank of America” ​​and “JB Morgan” refused to comment. Will America remove all Chinese businesses on its stock exchanges? The answer here, on her part, said a “catal” spokesman that the allegations in the messages were “unfounded”, pointing out that the company had not yet practiced military relevant activities. The inclusion of “Catal” as a Chinese military company as a “error” described, and emphasizes that the company is currently working with the US Department of Defense to clarify any misunderstanding. “(Catal) does not need financial liquidity, and there are many investors participating in the offer. If US banks withdraw, they will be replaced quickly.” The risks of Hong Kong’s proposals come to the demands of Congress at a time when Hong Kong’s initial proposals are recovered in the state of uncertainty due to the trade war between the United States and China, especially after the strong momentum in the city’s standard index began to fade, as President Trump’s announcement of the dead duties was on April 2. (Except for Japan), while Bank of America is eleventh. JP Morgan was one of the banks to launch the $ 5.5 billion with Goldman Sachs and China International Capital. The banks also participated in the management of a mortgage agreement for ‘Bido’ company, with a value of two billion dollars, which can be transferred to shares in ‘Trip.com Group’. Hong Kong’s initial proposals raised $ 11.2 billion last year, an increase of about 90% compared to 2023, according to Bloomberg data. The trading war camp on shares is about bank revenue from the management of stock transactions during the first quarter compared to last year, while the uncertainty due to the trade war affected the activity of proposals in the United States and Europe, and also led to the suspension of many expected proposals. Also read: These are the conditions of China to negotiate with Trump, and the messages of the Congress Committee have come after it issued a previous report in which the Chinese artificial intelligence company is “deeply ill” as a “serious threat” to US national security, and “Inventia” is also asked for information on the sales of his Chinese company.