Huawei decide to sell Honor Huawei announced its decision to sell the assets of the Honor business
Insiders: Many Huawei employees want to honor, sharpen their heads and squeeze in
On November 17, Huawei announced its decision to sell the assets of the Honor business as a whole in the morning, someone close to Huawei revealed to the AI Finance and Economics Agency that many employees of Huawei were expected to go to Honor and squeeze their heads.
Earlier, Sohu had reported that Honor insiders said, “Whether they will stay in Honor, wait for arrangements.” As for the employee compensation plan that has received great attention, it is reported that Huawei has discussed the compensation plan for employees who move into the new company. One is to purchase all the stocks at the original price, and the other is to compensate 1.7 times the revenue in 2019.
In the morning of November 17, a number of companies including Huawei issued a joint statement that Shenzhen Zhixin New Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holdings Co., Ltd. to complete the full acquisition of the business assets related to the Honor brand.
Huawei said that a total of more than 30 Glory agents and distributors jointly initiated this acquisition, which is also a self-help behavior initiated by the Glory-related industry chain. After the settlement, Huawei does not own any shares or participate in management and decision-making.
Why Huawei want sell Honor ?
Why Huawei want sell Honor ? Huawei issued a statement to sell Honor business assets as a whole.
As for the glory after the delivery, Huawei does not own any shares, nor does it participate in management and decision-making.
The statement is as follows:At a difficult time when industrial technology elements are unsustainable and consumer business is under great pressure, in order to allow Honor channels and suppliers to continue, Huawei Investment Holding Co., Ltd.
decided to sell the entire Honor business assets. The purchaser is Shenzhen Zhixin New Information Technology.
Limited company. As for the glory after the delivery, Huawei does not own any shares, nor does it participate in management and decision-making.
A total of more than 30 Glory agents and distributors jointly initiated this acquisition, which is also a self-help behavior initiated by the Glory-related industry chain.Glory brand was born in 2013, always oriented to young people, insisting on the low-end price, and developing into an Internet mobile phone brand with annual shipments of over 70 million units in seven years.
Huawei is deeply grateful for the dedication, love and support of Glory consumers, channels, suppliers, partners and employees!I wish the glory after independence, together with shareholders, partners and employees, embark on a new path of glory, continue to create value for consumers, and create a new world of wisdom for young people!
