Reactor Business: Bankruptcy Filing and Reactor Builder

reactor business: For years, Chinese entities have been interested in the nuclear reactor builder, and the company has been a repeated target of Chinese espionage, according to The Japan Times. Westinghouse filed for Chapter 11 bankruptcy protection on March 29 and its parent company Toshiba Corp. is seeking a buyer for its money-losing reactor business. Cabinet members including Energy Secretary Rick Perry and Treasury Secretary Steven Mnuchin have discussed preventing Westinghouse's purchase by a Chinese-linked company, three U.S. officials said. Toshiba said it replaced Westinghouse Chairman Daniel Roderick with Mamoru Hatazawa. Trump administration officials and members of Congress are concerned the bankruptcy filing could allow a bid from an investment group with hidden Chinese backing, one of the officials said. Roderick resigned all posts at the U.S. unit, according to a person familiar with the matter, who asked not to be identified because the details aren't yet public. (news.financializer.com). As reported in the news.