HTC sells Taoyuan plant to Inventec

CENTRALIZATION:Inventec said it expects the transaction to complete in March and it expects to transfer its server business to the building in the second quarter of next year

Taipei Times
Date: Dec 30, 2015
By: Lauly Li  /  Staff reporter

HTC Corp (宏達電) yesterday said it is to sell a plot of land and a building in Taoyuan to Inventec Corp (英業達) for NT$6.06 billion (US$183.46 million) as part of its efforts to lower operational costs and boost efficiency.

The local smartphone maker said the production facilities and its employees would be transferred to HTC’s three other properties in Taoyuan to centralize its production facilities.

“The sale of the land and building will not affect HTC’s production capacity or shipping schedules,” an HTC investor relations officer said by telephone.

The officer said the transaction also has no implications for HTC’s operations or headcount.     [FULL  STORY]

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