The U.K. government has called for an investigation into a takeover by a Chinese scientist of a small Welsh manufacturer that makes graphene.
British Business Secretary Kwasi Kwarteng has ordered the U.K. competition watchdog to complete a national security review into the takeover of Perpetuus Group by Taurus International or Zhongfu Zhou, or any enterprise associated with him or the company.
The Competition and Markets Authority has been given until Feb. 7 to submit a report to the government, which issued a public interest intervention notice to intervene in the proposed transaction.Zhou is listed as the chief nanotechnology scientist on the Perpetuus website, which says he is one of the world's leading authorities on 2D materials and their applications.
He then moved to Aberystwyth University in 2010 to work for the Department of Physics and the Centre for Advanced Functional Materials and Devices.
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