Chinese State-Owned Electronics Firm CEC Pays $547M For Stake In Network Security Giant May 10, 2019

Chinese state-owned telecom equipment producer China Electronics Corporation (CEC) has inked an agreement to pay RMB3.731 billion (US$547.36 million) for shares in one of the country’s largest network security products and services providers, according to an investment news briefing in Beijing on Friday. The state-owned company spent the massive amount of capital to purchase a […]

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