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. [ … ]
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Lenovo Reports 51% Decrease in 1Q Net Profit
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 [ … ]
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Legend Holdings to List on HK Exchange
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 [ … ]
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UPDATE: Legend Holdings has Filed an IPO Application with HK Exchange
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 [ … ]
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Legend Holdings Planning Hong Kong IPO
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 [ … ]
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Lenovo Said to Invest RMB 900 Mln in P2P Lending Firm Eloan
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 [ … ]
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Lenovo Reportedly to Acquire BlackBerry
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 [ … ]
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Lenovo to Manufacture in Japan with NEC
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 [ … ]
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