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Tencent (TCEHY.US) Sinks ~8%, Asserting Inclusion in US 'CN Military Firms' List Won't Affect Biz
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TENCENT's (00700.HK) (TCEHY.US) ADRs sank 7.8% to US$49.01, with an intraday bottom of US$47.94. Tencent said in a statement that the US Department of Defense's inclusion of the company on a list of Chinese companies allegedly assisting Beijing's military is clearly a mistake, and that the company is not a military enterprise or military supplier. Unlike export controls or others, Tencent noted that the listing will not affect its business, but it will work with relevant US departments to resolve the misunderstanding. AAStocks Financial News |
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