On the morning of November 17, news, a number of companies issued a joint statement in the “Shenzhen Special Zone News” that Shenzhen Zhixin New Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holdings Co., Ltd. to complete the comprehensive business assets of the Honor brand Acquisition. After the sale, Huawei no longer holds any shares in the new glory company. It is understood that Shenzhen Zhixin New Information Technology Co., Ltd. was jointly invested and established by Shenzhen Smart City Technology Development Group and more than 30 glory agents and distributors, including Tianyin Communication Co., Ltd., Suning Tesco Group Co., Ltd., and Beijing Songlian Technology Co., Ltd., Shenzhen Shundian Industrial Co., Ltd., Shandong Yihua Communication Technology Co., Ltd., Shenzhen Jishuntong Investment Co., Ltd., Henan Xiangzhiyin Health Technology Co., Ltd., Fujian Ruilian Youxin Technology Co., Ltd., Inforte Communication Technology Co., Ltd., Harbin Jintan Technology Development Co., Ltd., etc.
According to an enterprise search, Shenzhen Zhixinxin was established on September 27, 2020, with a registered capital of 100 million yuan. Among them, Shenzhen Smart City Technology Development Group, wholly-owned by the Shenzhen SASAC, holds 98.6% of the shares, and Shenzhen State-owned Assets Cooperative Development Private Equity Fund Partnership holds 1.4%. It is reported that the fund’s investors include more than 30 honor agents and distributors including Beijing Songlian Technology Co., Ltd. The aforementioned companies stated in the acquisition statement that the acquisition is not only self-help and market-oriented investment initiated by the glory-related industry chain, it can maximize the protection of the interests of consumers, channels, suppliers, partners, and employees; it is also an industry Complementary, all shareholders will fully support New Glory, so that New Glory can draw on the advantages of all parties in terms of resources, brand, production, channels, and services, and participate in market competition more efficiently.
The statement also stated that changes in ownership will not affect the direction of Honor’s development, and Honor’s senior management and team will remain stable. Distributors and agents who invest in New Glory also promise that they will only enjoy the financial return on investment in the future, and will follow the market principle of fair trade on the business side, and enjoy the same opportunities as other distributors and agents. spark global limited
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