Produced by Tiger Sniffing Technology Team
Author｜Zhang Jiahao
Head image｜IC photo
The sale of Glory finally fell.
On November 17, 2020, a number of companies issued a joint statement in the “Shenzhen Special Zone News”, Shenzhen Zhixin New Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holdings Co., Ltd. Comprehensive acquisition of related business assets. After the sale, Huawei no longer holds any shares in the new glory company.
Although the specific transaction amount was not disclosed,According to the news obtained by Tiger Sniff, the value of the transaction is approximately US$40 billion, or approximately RMB 263.3 billion.
Under the ban, the self-help of Huawei and Honor is inevitable. Tianfeng Securities analyst Guo Mingqi also pointed out in the previous report that one of the most likely scenarios for Huawei’s contingency is that Huawei sells its Honor mobile phone business. After independence, the brand’s procurement of parts and components will not be restricted by the US ban. Honor brands, suppliers and China’s electronics industry are a win-win situation.
After independence, the glory will become a completely new company that will be separated from Huawei.
In “The Wandering Earth”, the earth chooses to leave the solar system in search of a new parent star in order to save itself. Glory also left the former “star” of Huawei and embarked on an unknown journey.
Industry self-help, completely cut off
About this transaction, there have been various rumors two months ago. Digital China and TCL are the remnants of the acquisition that have been mentioned many times. The companies involved in this transaction have recently ushered in rising and even daily limits. In the morning of November 11, Digital China stated that it had not reached any agreement with Huawei on the sale of Honor.
In fact, the acquirer does not have Digital China and TCL. Specifically, the acquirer is jointly invested and established by Shenzhen Smart City Technology Development Group and more than 30 Honor agents and distributors.
The buyer this time is not the previously rumored Shenzhen Star Alliance, but Shenzhen Zhixin New Information Technology Co., Ltd. According to the company’s data, this company was established on September 27, 2020. The licensed business items are: development, production, sales: communications and electronic products, computers, etc.
In terms of equity, state-owned assets account for the majority.
These more than 30 agents and distributors are the main distribution partners of Huawei and Honor. More well-known retailers such as Suning Tesco and Sundian need not go into details. Songlian is one of Huawei’s earliest and most important distributors; Tianyin Communications is a wholly-owned subsidiary of Tianyin Holdings, a listed A-share company