Following updates on Versarien‘s attempted steps towards improving its financial structuration, it was reported that a proposed acquisition of graphene-related assets owned by Versarien by a joint venture involving China’s Anhui Boundary Innovative Materials Technology has been prevented via an order from the UK government.
The order prevents the transfer and use of both tangible and intangible assets, including intellectual property and know-how with potential dual-use applications. A notice on the government’s website said this was “necessary and proportionate to prevent, remedy or mitigate the risk to national security”.
Following updates on Versarien’s attempted steps towards improving its financial structuration, it was reported that a proposed acquisition of graphene-related assets owned by Versarien by a joint venture involving China’s Anhui Boundary Innovative Materials Technology has been prevented via an order from the UK government.The order prevents the transfer and use of both tangible and intangible assets, including intellectual property and know-how with potential dual-use applications. A notice on the government’s website said this was “necessary and proportionate to prevent, remedy or mitigate the risk to national security”.
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