Acquisition of tangible and intangible assets held by Versarien Plc by the prospective UK Joint Venture Co and Anhui Boundary Innovative Materials Technology Co Ltd: notice of final order
Published 20 August 2025
© Crown copyright 2025
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/acquisition-of-tangible-and-intangible-assets-held-by-versarien-plc-by-the-prospective-uk-joint-venture-co-and-anhui-boundary-innovative-materials-tec/acquisition-of-tangible-and-intangible-assets-held-by-versarien-plc-by-the-prospective-uk-joint-venture-co-and-anhui-boundary-innovative-materials-tec
1. Following a detailed national security assessment, the Chancellor of the Duchy of Lancaster has made a final order pursuant to section 26 of the National Security and Investment Act 2021 (“the Act”), which comes into force on 20 August 2025.
2. The Parties who are subject to the order are:
i. Anhui Boundary Innovative Materials Technology Co Ltd (‘BIMT’);
ii. Versarien Plc; and,
iii. the prospective future UK Joint Venture Co (‘JV Co’) between Versarien Plc and BIMT.
together with any subsidiary, controlled entity or affiliate of any of them.
3. This final order relates to the proposed acquisition of tangible and intangible assets relating to the production and use of graphene through a joint venture company to be established by Versarien Plc and BIMT.
4. The Acquisition constitutes trigger events under section 9(1)(a) and section 9(1)(b) of the Act.
5. The final order made by the Chancellor of the Duchy of Lancaster prevents the acquisition and use of the tangible and intangible assets held by Versarien Plc by the prospective UK Joint Venture Co and BIMT; including assets available for use by Versarien Plc through its access to the UK graphene industry and academia.
6. The Chancellor of the Duchy of Lancaster considers that the provisions of the final order are necessary and proportionate to prevent, remedy or mitigate the risk to national security relating to:
i. The security of know-how and intellectual property relating to the production and use of graphene with dual-use applications.