Meizu and Geely Respond to the Meizu Acquisition Rumor

Meizu and Geely Respond to the Meizu Acquisition Rumor
According to reviews, individuals near the deal stated that the agreement remains in progress, and due diligence is performed. Since the transaction has not closed for the acquisition worth, the worth isn't apparent. Meizu and Geely Respond: In September 2021, Geely Group established Hubei Xingji Times Technology Co., Ltd. to develop cell phones, focusing on the high-end cell phone market. According to Tianyancha, Geely Group (Ningbo Co., Ltd.) is the first-generation shareholder of Xingji Times, holding 32% of the shares; Li Shufu, chairman of Geely Holding Group, owns 6.1% of the claims. The Tianyancha App reveals that Hubei Xingji Times Technology Co., Ltd. has utilized for four logos, together with "comer," "large portable screen," "UPON," and "UPUPHONE." Substantive evaluation. Meizu's shipments are comparatively low within the home cell phone market, rating within the "other" class. In February 2021, Meizu launched an inside letter displaying that Meizu CEO had changed into Huang Zhipan and former Meizu CEO Huang Zhang had stepped down.
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