16 September 2019

HTC denies Lenovo investment approach, paper says

Cher Wang, chairwoman of Taiwanese smartphone vendor HTC Corp., has denied the company was approached by Lenovo Group Ltd. about a strategic investment, China Business News reported Thursday. Lenovo representatives were earlier reported to have visited HTC several times regarding a potential partnership with the financially distressed company through a share swap or joint venture. In September, an unnamed Lenovo senior executive was quoted as saying HTC, which has seen its share price fall 57 percent this year, is a better target than BlackBerry Ltd. or Nokia Corp., the report said.

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