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Huawei to sell Honor unit for 100b yuan in all-cash deal
Published on: 2020-11-11
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huawei 01Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan (US$15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter revealed.
 

The plan comes as United States restrictions on supplying Huawei Technologies Co force the world’s second-biggest smartphone maker — after South Korea’s Samsung Electronics Co — to focus on high-end handsets and corporate-oriented business, the people said.

huawei 02The all-cash sale will include almost all assets, including brand, research & development capabilities and supply chain management, the people said. Huawei could announce it as early as Sunday, one of the people said.
 

Main Honor distributor Digital China Group Co will become a top-two shareholder of sold-off entity Honor Terminal Co with a near-15 percent stake, said two of the people. Honor Terminal was incorporated in April and is fully owned by Huawei, the corporate registry showed.
 

Digital China, which also partners Huawei in businesses such as cloud computing, plans to finance the bulk of the deal with bank loans. It will be joined by at least three investment firms backed by the government of financial and technology hub Shenzhen, with each owning 10 percent to 15 percent, they said.
 

1000亿元,华为或将出售荣耀产品线

华为计划以人民币 1,000 亿元(约合 152 亿美元)的价格出售旗下子品牌荣耀,可能将于本月晚些时候正式官宣。
 

接盘者是分销商神州数码和深圳政府持股的数家公司。还有其他消息称,TCL 等多个小股东也可能入局。
 

对此消息,荣耀、华为均未置评。神州数码则表示不会回应传闻。
 

交易预计将以现金形式完成,几乎包括所有荣耀品牌的资产,包括品牌、研发能力和供应链等。1,000 亿元的价格也是按照荣耀去年的 60 亿元利润,16 倍 PE 制定的。

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