BEIJING Jan 30 Lenovo Group Ltd has
no urgent need to go back to the debt markets to raise cash for
its acquisition of Google Inc's Motorola handset
division, the Chinese company's chief financial officer said on
Wong Waiming also told a media briefing that the company had
$3 billion cash on hand last year and the total capital outlay
for the Motorola deal and Lenovo's acquisition of IBM's low-end
server business, announced last week, was about $2.8 billion.
The Motorola acquisition is China's largest-ever tech deal
as Lenovo buys its way into a heavily competitive U.S. handset
market dominated by Apple Inc.