Scribd Logo
Upload

Welcome to Scribd!

  • 6K views

    CFIUS Letter

    Uploaded by

    Jeremy Turley
    The Treasury Department letter informs the law firm that the declaration submitted about Fufeng Group Limited's acquisition of assets in North Dakota was insufficient. CFIUS requests that all parties involved file a formal notice within 5 business days so that CFIUS can properly assess the transaction. If a notice is not filed, CFIUS may unilaterally review the transaction using other authorities at its disposal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    CFIUS Letter

    Uploaded by

    Jeremy Turley
    6K views1 page
    The Treasury Department letter informs the law firm that the declaration submitted about Fufeng Group Limited's acquisition of assets in North Dakota was insufficient. CFIUS requests that all parties involved file a formal notice within 5 business days so that CFIUS can properly assess the transaction. If a notice is not filed, CFIUS may unilaterally review the transaction using other authorities at its disposal.

    Original Description:

    CFIUS letter

    Original Title

    CFIUS letter

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The Treasury Department letter informs the law firm that the declaration submitted about Fufeng Group Limited's acquisition of assets in North Dakota was insufficient. CFIUS requests that all parties involved file a formal notice within 5 business days so that CFIUS can properly assess the transaction. If a notice is not filed, CFIUS may unilaterally review the transaction using other authorities at its disposal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6K views1 page

    CFIUS Letter

    Uploaded by

    Jeremy Turley
    The Treasury Department letter informs the law firm that the declaration submitted about Fufeng Group Limited's acquisition of assets in North Dakota was insufficient. CFIUS requests that all parties involved file a formal notice within 5 business days so that CFIUS can properly assess the transaction. If a notice is not filed, CFIUS may unilaterally review the transaction using other authorities at its disposal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    DEPARTMENT OF THE TREASURY

    WASHINGTON, D.C.

    August 31, 2022

    Stephen Murphy
    Locke Lord LLP
    701 18th Street NW
    Washington, DC 20001

    Re: Declaration D22-097: Fufeng Group Limited (Cayman Islands; UBO: China)/Certain
    Assets in the Vicinity of Grand Forks, North Dakota

    Dear Mr. Murphy:

    The above-referenced declaration submitted July 27, 2022 by Fufeng USA Incorporated
    (“Fufeng”) informed the Committee on Foreign Investment in the United States (CFIUS) of the
    indirect acquisition of assets in the vicinity of Grand Forks, North Dakota by Fufeng Group
    Limited (the “Transaction”).

    Subsections 721(a)(4)(B) and (b) of section 721 of the Defense Production Act of 1950, as
    amended, authorize the President, acting through CFIUS, to review covered transactions.

    Under this authority, CFIUS has assessed all of the information provided by Fufeng regarding
    the Transaction that is the subject of the declaration. The Staff Chairperson has determined that
    the information provided by Fufeng is insufficient for CFIUS to assess the Transaction, and
    fewer than all parties to the Transaction submitted a declaration. Pursuant to 31 C.F.R.
    § 800.404(b), CFIUS requests that the parties file a notice regarding the Transaction in
    accordance with 31 C.F.R. part 800, subpart E. If the parties do not file a notice, CFIUS may use
    other authorities available to it, including, without limitation, initiating a unilateral review of the
    Transaction.

    Within five business days of receipt of this letter, please notify CFIUS whether the parties will
    file a notice regarding the Transaction and, if so, the date the parties expect to file.

    Please direct any questions that you may have concerning this matter to Richard Rowe at (202)
    622-4865.

    Sincerely,

    Andrew D. Fair
    CFIUS Staff Chair

    You might also like