“HTC is undervalued and there is an opportunity for growth,” Lai’s spokesman told WSJ in a statement.
While there is no clarity on how HTC plans to rise up from its current condition, Jimmy Lai must be privy to some secret information, which would have led him to bet on a company with not-so-bright future.
WSJ notes that Jimmy Lai could also turn out to be an activist investor and demand changes in the top management but there is no confirmation on whether he plans to do so. While Lai intentions are yet to be determined, his interest in HTC is a good news for the struggling smartphone maker.
According to Jimy Lai’s Wikipedia biography, his actual name is Lai Chee-Ying and he founded Giordano, an Asia clothing retailer, and Next Media, a Hong Kong-listed media company and a Chinese-language media group. You can read more about Lai in this BusinessWeek profile.
Image Credit: AP
