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 revocation
Updated 19 February 2026
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1. A Final Order pursuant to section 26 of the “the Act” came into force on 20 August 2025.
2. The Parties who are subject to that 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.
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 constituted trigger events under section 9(1)(a) and section 9(1)(b) of the Act.
5. Subsequently, the establishment of the prospective UK Joint Venture Co will not go ahead and therefore nor will the acquisition of assets relating to the production and use of graphene. Therefore no trigger event will occur under the Act.
6. The Chancellor of the Duchy of Lancaster considers that the statutory test for making a final order, as set out in Section 26(3)(a)(i), is no longer met as a trigger event is no longer in contemplation. The Final Order made on 20 August 2025 is therefore revoked.