HTC sells one of its plants to enhance the business connected with the market of virtual reality
HTC in a short press release said that the Board of Directors decided on the disposal of land and factory in Shanghai. Area sold free land is 71 000 m2. Building area of 115,000 m2. This plant was collected HTC smartphones.
The amount of the transaction is approximately 91 million dollars. The buyer is Shanghai Xingbao Information Technology. Proceeds will be used as investment in the business associated with the segment of virtual reality. Recall, the HTC Vive is one of the best selling VR headsets on the market, so HTC can all pay more attention on this area.