06:06:45 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 898,770,871
Close 2019-04-17 C$ 60.51
Market Cap C$ 54,384,625,404
Recent Sedar Documents

Globe says BCE, Telus told Huawei ownership questioned

2019-04-18 08:06 ET - In the News

Also In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Thursday edition that corporate documents raise doubts about Huawei's claims to be an employee-owned company which operates independently of Chinese political influence, two American scholars argue in a new analysis. The Globe's Nathan VanderKlippe writes that Christopher Balding at Fulbright University Vietnam, and Donald Clarke at George Washington University law school analyzed Huawei's ownership in a working paper released this week. Huawei is formally owned by a holding company which in turn is owned by just two shareholders: company founder Ren Zhengfei, with nearly 1.14 per cent, while the remainder belongs to an entity called the "Union of Huawei Investment & Holding Co. Ltd." That union, the researchers say, appears to be a trade-union committee, and such entities in China are part of a system ultimately controlled by the Communist Party. "Thus, if Huawei Holding is 99-per-cent owned by a genuine Chinese-style trade union operating the way trade unions in China are supposed to operate, it is in a non-trivial sense state-owned," they conclude. "They're flat-out not being accurate in what they're representing about the role that employees play," Prof. Balding adds.

© 2024 Canjex Publishing Ltd. All rights reserved.