Telegraph: Ferretti Group, which makes luxury yachts used by celebrities including Sir David Beckham and George Clooney, has been seized in a power grab by Chinese investor Weichai.
…Beijing’s growing influence over the company has prompted concerns that China could gain access to key technologies such as planing hulls and sensors.
Alongside its superyachts, Ferretti also makes patrol vessels. Insiders have warned that its machinery could easily be converted for military purposes…