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by tecleandor
535 days ago
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Ninestar was already having problems in the US. In 2023 they got an import ban by the DHS [0] and Lexmark had to find a new supplier for whatever Ninestar was sending them. Lexmark had to sell some assets this year to add a bit of liquidity [1]. I guess this is Ninestar "just" getting rid of Lexmark because it was getting a bit messy for them. 0: https://www.wsj.com/articles/u-s-puts-chinese-company-with-kentucky-ties-on-forced-labor-ban-list-ce2e8d00
1: https://www.opi.net/news/region/001-north-america/ninestar-offloads-lexmark-assets/
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