Sansec Technology Co., Ltd. acquired 17.7367% stake in Guangzhou JN Union Technology Co., Ltd. from Guangzhou Science and Technology Financial Innovation Investment Holdings Co., Ltd. for CNY 40 billion.
December 27, 2023
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Sansec Technology Co., Ltd. (SHSE:688489) acquired 17.7367% stake in Guangzhou JN Union Technology Co., Ltd. from Guangzhou Science and Technology Financial Innovation Investment Holdings Co., Ltd. for CNY 40 billion on December 18, 2023. The consideration consists of CNY 40058.4 million in cash. As part of the consideration, CNY 40058.4 million was paid towards common equity. Prior to the transaction, Sansec Technology Co., Ltd. (SHSE:688489) held 84.6716%.
Sansec Technology Co., Ltd. (SHSE:688489) completed the acquisition of 17.7367% stake in Guangzhou JN Union Technology Co., Ltd. from Guangzhou Science and Technology Financial Innovation Investment Holdings Co., Ltd. on December 18, 2023.
Sansec Technology Co Ltd is a China-based company focusing on the innovation of encryption technology and the research and development, sales and service of encryption products. The Company provides comprehensive commercial encryption products and solutions for the field of network information security. The Company's products mainly include encryption boards, encryption machines and encryption systems. The Company's products are widely used in key industries such as finance, securities, electric power, telecommunications, petroleum, railways, transportation, and e-commerce, as well as government departments such as customs, public security, taxation, water conservancy, quality supervision and medical security. The Company primarily operates its businesses in the domestic market.
SANSEC TECHNOLOGY CO., LTD. 
