OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE EXECUTIVE OFFICE OF THE PRESIDENT. FINDINGS OF THE INVESTIGATION INTO CHINA’S ACTS, POLICIES, AND PRACTICES RELATED TO TECHNOLOGY TRANSFER, INTELLECTUAL PROPERTY, AND INNOVATION UNDER SECTION 301 OF THE TRADE ACT OF 1974. Click On This Link Or Photo Below To See The Full Report. https://ustr.gov/sites/default/files/Section%20301%20FINAL.PDF This story is by far global and obviously much bigger than our toner print consumables industry, it represents the monumental task that the United States Government has invested in proving that a foreign government (CHINA) has infiltrated many aspects of U.S. industries in order to take advantage of our free trade practices and our overall society. This lengthy 215 page report from the Desk of the President of the United State of America outlines the meticulous process by which the Chinese government helps its own cause and at the same time restrict other countries from doing business with them.
Apex/Lexmark has been named in this report and
if you scroll down to page 123 you will see the following. On November 29, 2016, Lexmark International, Inc. (Lexmark) announced the completion of its acquisition by a consortium of investors led by Apex Technology Co., Ltd. (Apex) and PAG Capital for $3.6 billion. Lexmark manufactures and sells primarily laser printers and toner cartridges. Prior to the acquisition, the National IC Fund invested CNY 569 million ($86 million) in Apex. The Chinese consortium paid well over Lexmark’s market capitalization of about $2.2 billion. Various other printer companies including Canon, Konica Minolta, and Ricoh are said to have considered acquiring Lexmark. The largest shareholder (at nearly 70 percent) in Apex is Ninestar (also known as Zhuhai Seine Technology Co., Ltd.), a company which a U.S. court found in 2012 had imported patent-infringing printer cartridges into the United States “deliberately and in bad faith".