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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

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UPDATE 1-Huawei pleads not guilty to new U.S. criminal charges in 2018 case

Wed, 04th Mar 2020 19:54

(Adds paragraphs 3-5)

NEW YORK, March 4 (Reuters) - China's Huawei Technologies Co
Ltd, the world's largest telecommunications equipment maker, on
Wednesday pleaded not guilty in a New York federal court to new
charges in a 2018 case against the company.

The latest indictment accused Huawei of conspiring to steal
trade secrets from six U.S. technology companies for two
decades, lying about its business in North Korea and helping
Iran track protesters during the 2009 anti-government
demonstrations in that country.

Huawei had previously been charged by the U.S. government
with bank fraud and violating sanctions against Iran by using
Skycom Tech Co, a suspected front company, to obtain U.S. goods
and move money via the international banking system. It pleaded
not guilty to those charges last year.

At an arraignment in U.S. District Court in Brooklyn, Thomas
Green, a U.S. lawyer for Huawei, entered the not guilty plea on
behalf of the company and three subsidiaries, including
Futurewei Technologies Inc, its U.S.-based research arm.

Huawei Chief Financial Officer Meng Wanzhou is fighting
extradition from Canada in connection with the original
indictment in the case, which accuses her of misrepresenting
Huawei's relationship with Skycom to the global bank HSBC
Holdings Plc. She has said she is innocent.
(Reporting by Karen Freifeld in New York; Editing by Cynthia
Osterman)

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