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Former Huawei handset unit Honor making ready for an preliminary public providing – state media

Former Huawei handset unit Honor making ready for an preliminary public providing – state media


Folks stroll close to an indication for Honor Magic Vs telephone, throughout the GSMA’s 2023 Cell World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Picture Purchase Licensing Rights

SHENZHEN, China, Nov 22 (Reuters) – Cell phone maker Honor is making ready for an preliminary public providing, the state-owned Securities Instances reported on Wednesday, with out specifying a timeframe.

Honor was beforehand a unit of Huawei Applied sciences (HWT.UL), which offered it in November 2020 in a bid to maintain it going after U.S. sanctions restricted Huawei’s entry to vital know-how.

Reporting by David Kirton, Enhancing by Louise Heavens

Our Requirements: The Thomson Reuters Belief Rules.

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