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Chinese CEO Fired European Executives and Transferred Banking Powers to Suspicious Individuals: Inside Europe’s First National Security Seizure of a Chinese-Owned Chip-Maker

THE HAGUE — The Dutch government has released court documents detailing the explosive national-security seizure of a Chinese-owned semiconductor firm, revealing that CEO Zhang Xuezheng fired senior European executives, transferred treasury powers to individuals “with no clear role,” and conducted more than $100 million in suspect financial transactions with Chinese-linked entities.

h/t handy n’ handsome

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