Hou this week urged the court to issue a temporary restraining order after noticing a filing by TuSimple China that signaled the company was about to transfer money (or already had) out of the United States. Two TuSimple China subsidiaries last week registered an increase in assets collectively worth $150 million, according to Hou’s declaration and information from public filings.
“These filings show a suspicious increase in registered assets between these two subsidiaries in one day as a precursor to large amount of cash transfer from U.S. to China,” reads the declaration. “The most likely scenario is that these filings in China were the preparatory steps before TuSimple U.S. transfers money to those subsidiaries in China.”