Coast Vancouver Security Group

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Coast Vancouver Security Group

Security concerns over sale of Waldorf to Chinese company

Posted 14 October 2014 by coastvan
Concerned about potential security risks, the U.S. government is taking a close look at last week's sale of the iconic Waldorf Astoria hotel to a Chinese insurance company. Beijing-based Anbang Insurance Group bought the hotel from Hilton Worldwide for $1.95 billion. Terms of the sale allow Hilton to run the hotel for the next 100 years. Fears of Chinese eavesdropping and cyber espionage run high.

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  • Post Title: Security concerns over sale of Waldorf to Chinese company
  • Date Posted: 14 October 2014
  • Author: coastvan
  • Filed As: Uncategorized
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