In this update, it says the deal not yet complete.
"Digital China has made it clear that it did not place any bid for Honor. Whether Huawei will officially sell Honor is still largely a rumor. Although the reports of the sales have been on the web since September, there is no official backing. Thus, we can treat the sales of Honor as a rumor and that’s it."
Sale must be permitted by China government and that fact maybe make any sale take a very long time.
Huawei and Honor Update
Huawei Sold Off HONOR, Honor go Solo