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Pax Global says the FBI, Homeland Security, raided the Florida office



(Reuters) – China's Pax Global Technology Ltd., a manufacturer of point-of-sale devices, said on Friday that U.S. federal investigators had earlier in the week raided its subsidiary's Florida office, but did not disclose the cause.

] In a statement to the Hong Kong Stock Exchange, the company said that officials at the Federal Bureau of Investigation and Customs and Border Protection executed a court decision on Tuesday to seize certain items from its unit Pax Technology Inc.'s offices and warehouses in Florida.

A cybersecurity blog had then reported on the raid and had linked it to the company's likely involvement in cyberattacks against the US and EU organizations.

against PAX products and services anywhere in the world, "said the Shenzhen-based company.

Pax Global said the agency. ies has not issued a statement regarding the raid and it was not aware that any charges were brought against the company.

Trading in its shares on the Hong Kong stock exchanges has been halted since Wednesday after falling more than 40%. The company said on Friday that trading will resume on November 1

.


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