China Oceanwide buys 29 p.c. of Lenovo parent

ls9idhhe0re

Post time:2009-09-07Source:news.ciol.comAuthor:reprintEditor:jinxiaomei,[link widoczny dla zalogowanych]
China Oceanwide Holdings Group,[link widoczny dla zalogowanych], a private investment firm,[link widoczny dla zalogowanych], said on Friday it had bought 29 per cent of Legend Holdings,[link widoczny dla zalogowanych], the parent of the world‘s No. 4 PC maker,[link widoczny dla zalogowanych], Lenovo.

A spokeswoman for China Oceanwide said the firm bought the stake for 2.76 billion yuan ($404.1 million) and that more information would be available at a media event next Tuesday.

The asset management unit of the Chinese Academy of Sciences was seeking 2.76 billion yuan for the 29 percent stake of Legend Holdings.