Dahua Closes State-Owned China Mobile $740 Million Stock Deal
Summary
Two years after a deal was announced, Dahua has successfully sold $740 million in new stock to state-owned enterprise China Mobile, sending its stock price soaring.The deal was originally made public in March 2021 and has been "pending customary regulatory approvals" ever since, according to Dahua.Related items on Dahua and the PRC government: Dahua Struggling To Get Paid For PRC China Government Deals Dahua CEO Is Communist Party Secretary, Declares "Always Follow The Party"In this note, IPVM examines this news and its impact.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected