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General

China TechFaith sells Charm Faith unit for RMB 710 mln

Thursday 12 July 2018 | 14:04 CET | News
Specialised handset maker China TechFaith Wireless Communication said it has agreed to sell its Charm Faith unit for RMB 710 million, subject to certain price adjustment mechanisms and a payment schedule. TechFaith said it will put money raised from the sale towards general corporate purposes, to further develop its ruggedized smart devices business and for new office space development opportunities.

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Categories: General
Companies: Faith
Countries: China
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