Huawei Denies ‘Proposing to Invest in Royole Technology’
On June 10th, Huawei Group issued a statement through Toutiao in response to the rumor that “Huawei proposed to invest in Royole Technology”, stating that this is a misunderstanding. The actual situation is that Huawei does not have an investment plan for this and has not made any investment requests.
According to media reports, on the night of June 9th, Liu Shuwei, director of the China Enterprise Research Center at Central University of Finance and Economics, revealed that during Royole’s early days, Huawei had proposed to invest in Royole and supply flexible screens specifically for Huawei. However, Royole rejected Huawei’s investment.
Data shows that in 2014, due to being the first to successfully develop a 0.01mm ultra-thin flexible display screen globally, Royole suddenly became famous overnight and became a well-known unicorn enterprise in Shenzhen and even nationwide. It even attempted to go public on Nasdaq and the Science and Technology Innovation Board but was unsuccessful.
The National Enterprise Bankruptcy Reorganization Case Information Network shows that on June 6th of this year, the Intermediate People’s Court of Shenzhen issued an announcement stating that the court had ruled to accept the bankruptcy liquidation case of Royole Corporation on May 15, 2024, and appointed Guangdong Huashang Law Firm as the administrator for Royole Corporation.
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