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Dell Inc. (NASDAQ:DELL), Hewlett-Packard Company (NYSE:HPQ) - Lenovo Makes Its Star Market Debut

The COVID-19 pandemic had completely changed the way people work and learn. Operating from home actually turned around declining PC sales. Smartphones have . ....

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Lenovo to sell CDRs in Shanghai, boosting Star Market's pitch for China's national champions to raise funds at home

Lenovo to sell CDRs in Shanghai, boosting Star Market’s pitch for China’s national champions to raise funds at home
Georgina Lee [email protected]
Lenovo, the world s largest personal computer maker, is seeking shareholders approval to sell Chinese depositary receipts (CDRs) in Shanghai, in a move that further opens the city s stock exchange for offshore companies to raise capital.
The owner of the IBM Thinkpad laptop brand is seeking to issue 1.3 billion new shares, or 10 per cent of its enlarged capital, through CDRs, Lenovo said in a Tuesday announcement to the Hong Kong stock exchange, without specifying the amount raised. Based on Tuesday s closing price of HK$8.05 per share, Lenovo s CDR sale could raise up to HK$10.8 billion (US$1.4 billion). ....

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