According to the article the company is bankrupt and its assets are up for sale but no other company had any interest in buying.  If the company has intellectual property that is of real value why did nobody else bid?  Surely the Chinese are not the only ones smart enough to see value here.

By all means undertake a review of the decision.  If there are real national security issues applicable to this sale, the government should buy the assets and call it day.  If there are no national security issues, allow the sale so any creditors can recovery money they are owed.