Announced
Financials
Sources
Tags
Friendly
Domestic
telephone
Consumer Electronics
China
Private
Acquisition
Pending
Majority
Single Bidder
Synopsis
Shenzhen Zhixin New Information Technology, an agent-dealer consortium, agreed to acquire budget brand smartphone unit Honor from Huawei, a Chinese multinational technology company. Financial terms were not disclosed. Once the sale is complete, Huawei will not hold any shares or be involved in any business management or decision-making activities in the new Honor company. This move has been made by Honor's industry chain to ensure its own survival. Over 30 agents and dealers of the Honor brand first proposed this acquisition.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.