In a statement distributed via email, BenQ Mobile’s insolvency administrator Martin Prager said negotiations with its last potential buyer had ended without a deal, and he sees “no realistic chance to sell the entire company in one piece and enable a new start.” BenQ Mobile’s plan now: auction off its assets, including real estate, facilities, machinery, patents, and other intellectual property.
The name of the final potential buyer wasn’t disclosed, but Sentex Sensing Technologies and SF Capital have both been named as potential suitors for BenQ’s operations. According to reports, Prager has held talks with more than 100 potential buyers, and serious negotiations undertaken when more than two dozen.
