The decision to sell the plant in Shanghai, the Taiwanese company announced last summer.
HTC announced approval by the Board of Directors the sale of the plant for the production of smartphones together with adjacent land in Shanghai, owned by a subsidiary of HTC Electronic (Shanghai) Co. The built-up area — 114,8 thousand m2 of land — 70,9 thousand m2.
The cost of the transaction is 630 million yuan ($91.2 million), including value added tax in the amount of 30 million yuan. As a buyer firm Shanghai Xingbao Information Technology.
In a press release, HTC reported that the deal will “ensure the operational requirements of the company in the adaptation and deployment of resources.” The company confirmed that the proceeds from the sale funds will be used to further expand business in the development and implementation of virtual technologies.
The decision to sell the plant in Shanghai, the Taiwanese company announced last summer. Despite good sales of the virtual reality helmets, the bulk of revenue still brings the implementation of smartphones. It should be noted that for the seventh quarter in a row HTC is losing money. For 2016, the net losses of the company amounted to NT$10,56 billion ($341 million). Previous year for it too was unprofitable.
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