Huawei seeks to raise fresh funds from employees amid US trade sanctions

//Huawei seeks to raise fresh funds from employees amid US trade sanctions

Huawei seeks to raise fresh funds from employees amid US trade sanctions

Huawei Technologies is trying to raise funds from its employees, as China’s largest tech company struggles with the impact of US trade sanctions, according to three people familiar with the matter.Earlier this year, the world’s largest telecommunications equipment vendor adopted a new rule on profit dividends that allows its employees to buy virtual shares worth 25 per cent of their income from the past five years, the people said. Employees who have worked for more than five years are eligible…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-09-07T10:30:15+00:00 September 7th, 2020|Technology|Comments Off on Huawei seeks to raise fresh funds from employees amid US trade sanctions