# Huada Electronics sells navigation chips business to Huada Beidou for $14.5M

Huada Electronics, a unit of China Electronics Corporation Holdings, has entered into a sale and purchase agreement with Huada Beidou to sell its navigation chips business for 100 million yuan.

- Type: Acquisition
- Announced: 2017-03-03
- Where: China
- Value: $14.5M (100.0M CNY)
- Status: announced
- Products: navigation chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [China Electronics Corporation Holdings](https://endata.com/companies/22626.md)
- [Huada Beidou](https://endata.com/companies/22627.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/brief-china-electronics-corporation-hold-idUSFWN1GG0FF/), 2017-03-03: "Huada electronics has entered into sale and purchase agreement with huada beidou for consideration of rmb100 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.