Huawei is proposed to sell Honor for $15 billion to Digital China and Shenzhen Government

Huawei is proposed to sell Honor for $15 billion to Digital China and Shenzhen Government

Huawei is planning to sell its branded unit Honor for 100 billion. There have been reports that Huawei has been facing problems due to the supply constraints arising out of US sanctions. As a result, considering the whole supply scenario, Huawei has pondered over the matter to come up with this step finally. The movement…