Security

Hikvision Spinning Off Smart Home & Robotics Businesses

Chinese video surveillance Giant Hikvision (Hangzhou Hikvision Digital Technology Co., Ltd.) will spin-off Smart Home business Ezviz (Hangzhou EZVIZ Network Co., Ltd.), details of which were announced in the IPO prospectus they published in December. It states that they aim to raise RMB 3.739 billion (USD 588.3 million) by listing Ezviz on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Hikvision has now also authorized the spin-off of its robotics unit, in what looks like a clear strategy of divestment, but no timetable for this IPO has been released yet. The new entity will list in mainland China, according to mainstream Chinese media, but it has not yet been revealed whether it will be the Shenzhen Stock Exchange or the Shanghai Stock Exchange.  According to online corporate records, Ezviz is currently 60% owned by Hikvision and 40% owned by Hangzhou Qianmo Qinghe Equity Investment Partnership L.P. (Qinghe LP), which in turn is 99.9% owned by […]

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