CyberSecurityMew • 0 implied HN points • 20 Jun 23
- Sansec announced the acquisition of 66.9349% shares of Jiangnan Keyou on June 19, 2023, aiming to improve resource integration and leverage synergies.
- China's regulatory framework for cryptography has been improving with laws like the 'Password Law' and revised 'Regulations on the Administration of Commercial Cryptography,' accelerating the industry's development.
- Upon completion of the acquisition, Jiangnan Keyou will become a wholly-owned subsidiary of Sansec.