According to PANews, China’s foreign investment security review office ordered the Manus deal reversed over the international environment, critical technology, and data security concerns, while experts said Manus was later moved to Singapore before a planned Meta sale.
China’s foreign investment security review office blocked the acquisition of Manus and ordered the transaction reversed, according to PANews. The report said the decision was based on concerns involving the international environment, critical technology, and data security. PANews also said experts reported that Manus was later shifted to Singapore before a planned sale to Meta. The case underscores how Chinese national security reviews can halt or unwind cross-border transactions involving sensitive technology and data-related assets.