HP to sell 51 percent stake of China computing unit to Tsinghua Unigroup

May 19, 2015 5:43 AM

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BEIJING May 19 Hewlett-Packard Co has agreed to sell a controlling 51 percent stake in its China-based H3C computing unit to Tsinghua Unigroup, a spokesperson for the Chinese private equity fund's parent company said on Tuesday.

Li Zhongxiang, a spokesman for Tsinghua Holdings, which controls Tsinghua Unigroup, did not disclose the value of the deal but said he expected it to be "successfully completed in the coming days".

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