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National security: London blocks takeover of electronics company by Chinese buyer

August 19, 2022
Source: lefigaro.fr lefigaro.fr
News Snapshot:
This decision aims in particular to curb Chinese investments in a technology potentially usable for military purposes. London announced that it had blocked the acquisition of Pulsic, a British company specializing in the design of electronic circuits, by a Hong Kong-based company, Super Orange HK, citing “a national security risk“, According to a decision published Wednesday at the end of the day. Minister of Enterprise Kwasi Kwarteng announced on Twitter that he had “made a final decision under the National Security and Investment Act to prevent the acquisition of British electronics design company Pulsic Ltd by Chinese company Super Orange...
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