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UK, US bans show Beijing is trying to buy the high-end electronics know-how it lacks – Rokoto

Source: rokoto.net rokoto.net
News Snapshot:

The blocking of a planned acquisition of a U.K. tech company by a Hong Kong company backed by Chinese capital has sparked renewed concerns in the country over the national security threat from tech companies backed by the Chinese Communist Party (CCP). British secretary of state for business, energy and industrial strategy Kwasi Kwarteng put a stop last week to the planned acquisition of Bristol-based Pulsic by Super Orange HK Holding Ltd, citing national security laws. Super Orange had wanted to acquire the entire share capital of Pulsic, and was judged a “trigger event” under the National Security and Investment…

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