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White House Debates Allowing TENCENT to Retain Stakes in Several Gaming Firms: Report
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The US White House is debating whether to allow TENCENT (00700.HK) to retain its stakes in popular gaming companies, according to a report from The Financial Times. It is understood that senior White House officials have convened meetings to assess if TENCENT's investments in US and Finnish gaming groups would pose a national security risk. Several cabinet officials were originally scheduled to discuss this matter yesterday (3rd), but the meeting was postponed due to scheduling issues. That being said, sources disclosed that it is still unclear whether the US government is inclined to force the sale of assets or to allow the investments to continue. Previously, the US Department of War blacklisted BABA-W (09988.HK) and BYD COMPANY (01211.HK), but later unexpectedly removed them from the list. AAStocks Financial News |
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