LONDON : Chinese investors led by Shanghai Kington Technologies have abandoned an attempt to buy Welsh company Perpetuus Group, which specialises in graphene and nanomaterials, Britain's government said after launching a security probe.
"The proposed acquisition has been abandoned," British business minister Kwasi Kwarteng said in a statement on Twitter about the deal. "The UK Government monitors the market at all times to identify acquisitions of potential national security interest. We will intervene where necessary," he added.
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