The securities firm that arranged the transaction, UBS Securities LLC, is a division of UBS Americas Inc, which ultimately falls under UBS Group AG, a company listed on the SIX Swiss stock exchange.
Dominion is facing multiple allegations for violating security standards and election manipulation, and it has denied those allegations.
“The company has no ownership ties whatsoever to USB [sic], or the governments of China, Cuba, or Venezuela,” the latest statement updated on Dec. 3 on Dominion website states.
Staple Street Capital made significant changes to its website recently. Information about Team, Executive Board, and Portfolio have all been deleted.
UBS' Deep Experience in ChinaUBS says it was one of the “first international banks to have a local presence” in China in the 1990s. In 2012, it formed the current company UBS Securities Co. Limited, which it says is the “first foreign-invested fully-licensed securities firm in China.”
UBS reported that the decision made by China’s Office of the Financial Stability and Development Committee and the State Administration of Foreign Exchange was made in July 2019.