Acquisition of British graphene producer off the table

Chinese investors have abandoned acquisition plans for graphene manufacturer Perpetuus Group following a security review by the British government. “The proposed acquisition has been abandoned,” UK Business and Energy Secretary Kwasi Kwarteng wrote on Twitter. “The UK Government monitors the market at all times to identify acquisitions of potential national security interest. We will intervene where necessary,” he added. London had initiated a security review for the acquisition plans by Shanghai Kington Technology, a Chinese company that manufactures high-performance plastics, earlier this year (China.Table reported). Perpetuus produces graphene and carbon nanotubes – tiny precursor products that it hopes will find useful applications in various industries, including electronics, defense and medicine. ari