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Under the US ban, Huawei’s annual target has shifted from “survival” to “survival”. It is reported that Huawei intends to spin off its subsidiary “Honor” mobile phone brand, in order to reduce the number of products after the sale. Victims under “Huawei”, according to a report on the Chinese website 36Kr, the sale of Huawei shares in Honor Mobile will make clear progress.
Huawei plans to package and sell Honor’s mobile phone business as a whole, and Honor’s management and others hold shares in this new company. The transaction price is based on last year’s Glory 6 billion profit and 16 times PE, which is about 100 billion yuan. The buyer includes a small group of shareholders consisting of Digital China, three state-owned enterprises and TCL. Reuters also just released the news that Honor’s selling price is US $ 15 billion, or 100 billion yuan. But another person familiar with the matter told 36 kryptons that, compared to Xiaomi’s market value, Honor’s selling price could be set at 200 billion yuan. Among them, Digital China shares the highest and Honor’s management also holds all the shares. The staff structure will also be significantly changed: the original 8,000 employees will move from Huawei’s headquarters in Bantian to the office in Meilin, Shenzhen. After Honor’s independent funding, Huawei will have several senior executives who will join Honor as principal executives, and Huawei’s COO of consumer business Wan Biao will join Honor.
Judging by the content of the above entries, it seems that the separation of “Gloria” is a foregone conclusion. The only problem is time and money. However, from a staff transfer perspective, it appears to be a left-to-right activity and China could become the biggest winner.
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