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Claims that Huawei was selling Honor had kept the tech agenda busy. In some news, details on the sale of the Chinese company Honor were even shared. Huawei has remained silent against these allegations. As a matter of fact, it became clear why Huawei remained silent. Huawei has released an official statement and clarified the claims related to the sale of Honor.
HUAWEI AND HONOR LEAVE WAYS
Honor, according to Huawei’s official statement, Shenzhen Zhixin New Information Technology Co. Ltd is sold to a local consortium. According to the statement made, Huawei will not hold any shares in Honor at the end of the sale process. The purchase price is unknown. However, the allegations are that the deal was worth around $ 15 billion.
HONOR WILL CONTINUE HIS ACTIVITIES
Huawei has decided to sell Honor’s commercial assets as a whole so that Honor can continue its operations, at a difficult time when elements of industrial technology are unsustainable and consumer companies are under great pressure. ”
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