Sansec Technology Co., Ltd. completed the acquisition of 66.9349% stake in Guangzhou JN Union Technology Co., Ltd. from Guangdong Chenglianxin Information Technology Co., Ltd.
June 28, 2023
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Sansec Technology Co., Ltd. (SHSE:688489) entered into an agreement to acquire 66.9349% stake in Guangzhou JN Union Technology Co., Ltd. from Guangdong Chenglianxin Information Technology Co., Ltd. for CNY 151 million on June 19, 2023. On June 19, 2023, Sansec Technology Co., Ltd held the 19th meeting of the first board of directors, and reviewed and approved the "Proposal on the Proposed Acquisition of Partial Shares of Guangzhou JN Union Technology Co., Ltd. For the year ended December 2022, Total Assets were of CNY 105 million, Net Assets were of CNY 76 million, Operating Profit was of CNY 117 million and Net Profit was of CNY 22 million.
Sansec Technology Co., Ltd. (SHSE:688489) completed the acquisition of 66.9349% stake in Guangzhou JN Union Technology Co., Ltd. from Guangdong Chenglianxin Information Technology Co., Ltd. on June 29, 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. completed the acquisition of 66.9349% stake in Guangzhou JN Union Technology Co., Ltd. from Guangdong Chenglianxin Information Technology Co., Ltd.