Hong Kong based China Fortune invest 6.25% stake for Jolla Future
Hong Kong based telecoms and mining company China Fortune (formerly Fortune Telecom Holdings) has firmly stated it’s intentions by making an agreement to buy 11,944 shares for just over 1,000,000 Euros for a 6.25% stake in Jolla Ltd. The deal is due to be completed by March 8 according to the techcrunch article.
It comes as no surprise that Jolla are sailing onwards and attracting some fervent interest now and this interest is likely to escalate as we move forward into 2013 especially after their forthcoming announcements are made public at MWC only days away now.
With the already lucrative D.Phone sales agreement in place since July last year, and the opening of their Hong Kong offices in October last year, Jolla are gaining some fantastic momentum for their future success in China and the rest of the world in 2013 = UNLIKE.
China Fortune describes itself as “principally engaged in distribution and trading of mobile phones and related accessories, development of marketing and after-sales service network and mining and processing of celestite, zinc and lead minerals”. Its website also notes that it is the “sole fulfillment distributorship” for Nokia Professional centers in the mainland China.
Interestingly, China Fortune appear to have some very important pre-existing ties with Nokia.
Without a doubt this news will give Jolla a tremendous boost in the marketplace and I am anxiously anticipating a Jolla whitewash at MWC 2013.
Sail on…
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