UK to amend law to protect businesses from foreign takeovers amid concerns over Chinese investment

clock • 2 min read
British government wants to amend law to protect businesses from foreign takeovers amid concerns over Chinese investment. Image Copyright: Gov.uk
Image:

British government wants to amend law to protect businesses from foreign takeovers amid concerns over Chinese investment. Image Copyright: Gov.uk

The move follows an alleged attempt by a Chinese state-owned business to take control of the board of British chipmaker Imagination Technologies in April

The UK government is planning to amend laws to allow greater scrutiny of foreign takeovers in efforts to prevent overseas companies from exploiting businesses that are playing a critical role in fi...

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