Lenovo

Summary: Lenovo Group (0992.HK) has recorded a 67% decrease in net profit for its third fiscal quarter ended Dec.31 to US$ 98 million, reports nbd.com. The company posted a 6% decrease in revenue to US$ 12.2 billion. [ … ]

Summary: Lenovo Group (0992.HK) has reported a 51% decrease in net profit to US$ 105 million for the first quarter, according to TMTpost. The company posted a 3% increase in revenue to US$ 10.7 billion. Lenovo also [ … ]

Summary: Lenovo Group’s (0992.HK) parent company, Legend Holdings, has announced it will issue 352 million shares at an IPO on the Hong Kong Stock Exchange on June 29, as reported by Sina. The company will specify the [ … ]

Summary: Lenovo Group’s (0992.HK) parent company, Legend Holdings, has filed an IPO application with the Hong Kong Stock Exchange, according to Sina. The IPO is expected to raise US$ 3 billion and it will be launched as [ … ]

Summary: Lenovo Group’s (0992.HK) parent company, Legend Holdings, is planning an IPO in Hong Kong in the second half of 2015, according to Sina. Chinese investment bank China International Capital Corporation (CICC) and UBS are expected to [ … ]

Summary: Lenovo Group (0992.HK) reportedly plans to invest RMB 900 million in Chinese peer-to-peer lending company Eloan.com, according to Hexun.com. After the deal, Lenovo will become Eloan’s controlling shareholder. Lenovo will appoint Eloan’s president from its Strategic [ … ]

Summary: Lenovo (0992.HK) reportedly plans to acquire BlackBerry (BBRY), according to Sina. Lenovo has yet to comment. Why It Matters: The report suggests that Lenovo might make an offer as early as this week and that the [ … ]

Summary: Lenovo (0992.HK) says it will work with NEC Corp. to manufacture personal computers in Japan. Lenovo has also extended its cooperation contract with NEC to 2026. Why It Matters: Previously, Lenovo manufactured all the computers it [ … ]