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Lenovo Holdings IPO to List 20% of Total Shares

Sohu IT, 9/14/11

Liu Chuanzhi, chairman and CEO of Legend Holdings, the parent company of Chinese laptop, PC, and handset manufacturer Lenovo (0992.HK), recently announced that no more than 20% of total shares in Legend Holdings will be made available in the company's IPO. Liu added that it will take several years before the percentage of shares held publicly reaches 30%, while the majority of shares remain in the hands of current shareholders.

Lenovo has no interest in acquiring HP's PC business, according to Liu.

Editor's Note: For more information on this topic, please see "CEO: Legend Holdings to List by 2016," MD 11/24/10 issue.

Keywords: M&A hardware Lenovo IPO HP Legend Holdings PC 0992.HK Liu Chuanzhi computer

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