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Huawei smartphone spin-off Honor said to appoint new chairman as part of preparations for a potential IPO

  • The former chairman of the Shenzhen Water and Environment Group, Wu Hui, is expected to take over as chairman at Honor, which he joined last month
  • Honor is bringing in Wu as part of efforts to pursue a public listing, according to a report by Jiemian News, which cited anonymous sources

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If confirmed, Honor’s plan to go public would buttress the company’s ascent to the top of China’s smartphone market, the world’s largest. Photo: Shutterstock
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Honor, the mobile handset business spun off from Huawei Technologies in 2020, will appoint a veteran state-owned enterprise executive as its new chairman, as the Shenzhen-based company – China’s top smartphone vendor in the third quarter – prepares for a potential public listing.
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The former chairman of the Shenzhen Water and Environment Group, Wu Hui, is expected to take over as chairman at Honor, which he joined last month, according to a report on Monday by Jiemian News. The Chinese digital media outlet later deleted this report.

Wu will replace Wan Biao, a veteran executive from Huawei, who has served as Honor’s chairman since the smartphone company was spun off in November 2020.
Honor is bringing in Wu as part of efforts to pursue an initial public offering, according to the Jiemian report, which cited anonymous sources.
Wu Hui, who previously served as chairman of Shenzhen Water and Environment Group, is expected to take over as chairman at Chinese smartphone giant Honor. Photo: Baidu
Wu Hui, who previously served as chairman of Shenzhen Water and Environment Group, is expected to take over as chairman at Chinese smartphone giant Honor. Photo: Baidu

Honor did not immediately respond to a request for comment on Tuesday.

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