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On April 9th, a major announcement was made by Dongfang Materials regarding their plan to collaborate with TD TECH, a company in which Huawei is a shareholder, to operate TD TECH. However, later that night, Huawei released a statement denying any intention or possibility of joint venture with Dongfang Materials to operate TD TECH. This has caused some confusion in the market as to the true nature of the collaboration.

According to the announcement made by Dongfang Materials, they plan to raise no more than 2 billion yuan through private placement, with the intention of using the funds to acquire a 51% stake in TD TECH from Nokia's wholly-owned subsidiary NSN for a transaction price of 2.122 billion yuan. Huawei would hold the remaining 49% stake in TD TECH.

Following Huawei's denial of the collaboration, a spokesperson from Dongfang Materials stated that they are actively communicating with Huawei to clarify the situation. Meanwhile, another spokesperson from the company emphasized that they will communicate with all parties involved and any further updates will be made through official announcements. The company has not responded to questions regarding whether they had any prior discussions with Huawei before initiating the acquisition.

In a statement posted on their official website, Huawei Technologies Co. Ltd. acknowledged Nokia's sale of the shares in TD TECH and stated that they believe the buyer should have the same strategic capabilities to continue existing cooperation. However, Huawei denies any intention or possibility of joint venture with Dongfang Materials to operate TD TECH.

This is significant for the electronic components industry, as it potentially indicates a shift in the ownership and management of TD TECH. It also highlights the importance of strategic capabilities in the industry and the need for clear communication and transparency among all parties involved.