break awayhuaweiHonor may get a new chairman three years from now. It is reported in the market that Wu Hui, former chairman of Shenzhen Water Affairs, joined Honor last month and will serve as chairman; While Honor’s former president Wan Biao has been changed to vice president.
Some people believe that Wu Hui joined Honor to promote the rapid listing of Honor.
Wall Street News reported that Shenzhen Water and Honor are both companies under the Shenzhen State-owned Assets Supervision and Administration Commission. Judging from industrial and commercial information, Honor’s management information has not changed yet. The legal representative and chairman is still Wan Biao, but Wu Hui resigned as the legal representative and chairman of Shenzhen Water on November 16.
Wu Hui, 52, is a native of Huanggang, Hubei. After graduating from Wuhan University with a master’s degree in philosophy in 1996, he entered government service. He worked in the General Office of the Shenzhen Municipal Party Committee for nearly 11 years and was later transferred to the Hubei Provincial Government and Jianning Municipal Government. In April 2021, he returned to Shenzhen and served as chairman of Shenzhen Environmental Water Group and chairman of Shenzhen Water Group.
Honor has been rumored several times in the past that it is planning a backdoor listing. In December last year, although Honor denied it, many companies were rumored to be backdoored, such as Shenzhen Jiaotong, Shenzhen Textile A, *ST Sunsi, Huachangda, Bird Co., Ltd., etc., Everyone experienced a roller coaster ride in their stock prices. ,
In fact, there are not many Chinese mobile phone brand manufacturers listed in the market. Currently, Xiaomi is the only one. The Honor listing has attracted a lot of attention.
Huawei, which was under pressure from US sanctions, was forced to spin off Honor and sell it to Shenzhen Zixin three years ago. Huawei no longer has any shares in Honor. Shenzhen Zixin was jointly invested and established by Shenzhen Smart City Technology Development Group and more than 30 agents and dealers of Honor mobile phones. The real controller behind this is the Shenzhen State-owned Assets Supervision and Administration Commission.
Since then, news has spread several times that Honor has a gambling agreement with relevant acquisition entities, and Honor is required to list the company three years after independence. No positive feedback was received on this Glory.
Last year, Honor announced the completion of a new round of strategyfinancing, added 6 new shareholders including BOE. Against this backdrop, Honor has currently established a diversified equity structure. However, judging from public information, after this round of financing, the specific shareholding ratio of each Honor shareholder has not been disclosed.
On November 16, the third anniversary of Glory’s independence,ceoZhao Ming was asked again about the listing. He said: “Continuously making Honor more open and transparent and diversifying Honor’s capital is the expectation of the company’s shareholders. As a CEO, I need to do my job well and do a better job. We firmly Support our shareholders and board of directors in this regard.”
China (tagstotranslate) Huawei (T) Financing (T) CEO
