Jan 05, 2023 05:16 AM

BUSINESS

Unigroup Seeks Full Control of IT Joint Venture With Hewlett Packard

By Zhang Erchi and Han Wei

H3C is the exclusive provider of HPE servers, storage and related IT technical services in China.

H3C is the exclusive provider of HPE servers, storage and related IT technical services in China.

Tsinghua Unigroup Co. Ltd. is taking full control of its information technology equipment unit New H3C Technologies Co. Ltd., ending a six-year joint venture with U.S. partner Hewlett Packard Enterprise (HPE).

Tsinghua Unisplendour, the Shenzhen-traded unit of Unigroup, said Tuesday in a filing that it plans to acquire the 49% of H3C that it doesn’t already own from HPE.

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