[Baidu VR exclusive finishing, reproduced please indicate the source]
Officials of HTC have confirmed the sale of land and factory buildings in Shanghai. The purchaser is Shanghai S&P Information Technology Co., Ltd. The total transaction amount is 630 million yuan and it is estimated that the profit will be approximately 147 million yuan.
In recent years, HTC’s revenue has fallen and losses have been continuous. The heavy head project VR is still in the investment phase. Perhaps it is the pressure of being trapped in losses. HTC finally can only sell the plant to cash out.
HTC said that the sale of land and factory buildings will not affect the existing organizational structure, personnel arrangements and production plans. The purpose is to improve operational efficiency and optimize company assets without affecting the company's mobile phone business. The HTC mobile phone production line is concentrated in Taoyuan, Taiwan, China. The transfer of the Shanghai factory will not affect the production capacity and operation. HTC will continue to focus on the high-end mobile phone market.
Extended reading: bet VR market! HTC to Sell 630 Million Yuan to Shanghai Mobile Phone Factory
On March 16, 2017, Hongda International Electronics Co., Ltd. (HTC) issued an announcement on the Taiwan Stock Exchange and decided to sell the mobile phone manufacturing facility in Shanghai through the HTC board of directors. The announcement also showed that the Shanghai factory sold by HTC Electronics covers an area of ​​70.92 million square meters and the building construction area has reached 114,800 square meters. The total amount of this transaction has reached 630 million yuan (RMB).
Baidu VR understands that the buyer may be a domestic company called Xingbao Information Technology. The purpose of HTC's sale of the Shanghai mobile phone factory is to raise more funds to expand its VR business. HTC Electronics official stated that the sale of the factory in the Mainland will not affect the business of the mobile phone business.
In fact, as early as 2015, HTC had reported that HTC wanted to sell its mobile phone factory in Shanghai. At that time, it immediately denied it and responded that HTC had only two factories in Shanghai and Taiwan. Selling one could affect the production of mobile phones. At that time, HTC also sold a factory located in Taoyuan, Taiwan, for US$183 million. There are currently about three factories in Taoyuan, Taiwan.
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