Osram is close to receiving approval from the German government to go ahead with the sales of its general lighting business LEDVANCE to a Chinese investment consortium headed by IDG Capital Partners (IDG), reported DrivingVisionNews.com.

Chinese investor Fujian Grand Chip Investment Fund (FGC) was supposed to have sealed deal between German semiconductor equipment manufacturers Aixtron on Oct. 6, 2016, but was abruptly called off by the German Economic Ministry this Monday over unspecified national security issues.

The German government has temporarily halted Chinese consortium headed by strategic investor IDG Capital Partners (IDG) to acquire Osram’s general lighting business LEDVANCE, and have put the deal under review, Reuters cited German magazine WirtschaftsWoche recent report.