The Minister of Commerce in Britain and New Business twice set up limits on the acquis

The new British Minister of Commerce continued the predecessor and quoted a legislation that entered into force earlier this year. In about two weeks, it was restricted to the acquisition of British sensitive projects in response to national security considerations in about two weeks.

According to VOA, British Business Minister Jacob Rees-Mogg took about one month and used power twice to perform restrictions on the acquisition of British power companies or electricity projects for Chinese companies.

Mog quoted the National Security and Investment Act on September 29 to impose two restrictionsSensitive information is transferred to the Chinese acquirer and restricted that the Chinese acquirer appoints a specific employee of the enterprise.

The Chinese -funded enterprise "Redrock Investment Limited" is acquiring two companies holding a total of 35 % of Northwest Electric Power Company.Security Risk.

China ’s“ Guoxin International Investment Co., Ltd. ”(CNIC) in 2019, it comprehensively acquired Northwestern Power Corporation in the United Kingdom with other companies in 2019, and then transferred its shares to the“ National Development Investment Group ”of state -owned enterprises.

A spokesman for Northwestern Power Company in Britain told the Daily Telegraph that noticed that the command of the Ministry of Commerce would fully observe the requirements.

Before that, Mog's subsidiary of China State -owned Enterprise "China Huaneng Group" on September 14, also known as the "Stonehill Project" in the UK.The subsidiary plans to comprehensively acquire the development of the project, and the British Ministry of Commerce stated that Lis Mog believes that the acquisition has national security risks, so two conditions are applied, including the required Chinese acquirer to pass through the project operator, they must pass through the project operator, they must pass through the project operator, they must pass through the project operator, they must pass through the project operator, they must pass through the project operator, they must pass through the project operator, they must pass through the project operators who must pass through the project operator.The British government approves and restricts the project's operating direction. Chinese acquirers share sensitive information.

The National Security and Investment Law takes effect earlier this year, authorizing the British government to review and intervene in the acquisition of national security.If the acquisition involves 17 sensitive industries including national defense, energy, communication, etc., and the acquisition ratio is higher than 25 %, the British government has the right to review it.

After the bill took effect, the British government reviewed Chinese company Wingtech at the end of May to acquire Newport Wafer Fab, the largest semiconductor company in the UK.

In mid -July, the British government banned the "Beijing Infinite Vision Technology Company" to acquire the company of the University of Manchester.Visual sensing technology.

In mid -August, the British government banned Hong Kong registered companies from the acquisition of British electronic design company Pulsic.