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Lenovo Group Ltd (0992.HK)

0992.HK on Hong Kong Stock

17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Toshiba enters negotiations to sell PC operations to Asus - Nikkei‍​
Thursday, 16 Nov 2017 01:39pm EST 

Nov 17 (Reuters) - Nikkei: :Toshiba has entered into negotiations to sell personal computer operations to Asustek Computer of Taiwan - Nikkei‍​.China's Lenovo Group has also expressed interest in Toshiba's personal computer operations - Nikkei‍​.  Full Article

Fujitsu says strategic alliance with Lenovo Group and Development Bank of Japan
Thursday, 2 Nov 2017 01:00am EDT 

Nov 2(Reuters) - Fujitsu Ltd <6702.T>:Says it signs a strategic alliance with Lenovo Group Limited <<<0992.HK>>> and Development Bank of Japan Inc, on Nov. 2, on PC business .Says the company will transfer 51 percent stake in wholly owned unit FUJITSU CLIENT COMPUTING LIMITED to Lenovo International Coӧperatief U.A., a group company of Lenovo Group Limited and will transfer 5 percent stake in the wholly owned unit to Development Bank of Japan .Says transaction date is expected to be in Q1 FY 2018.  Full Article

Lenovo Group's Q2 profit attributable down 11 pct
Thursday, 2 Nov 2017 12:38am EDT 

Nov 2 (Reuters) - Lenovo Group Ltd <0992.HK>:Q2 ‍group profit attributable to equity holders of company of us$139 m​.Board has declared an interim dividend of hk6.0 cents per share​.Qtrly revenue $ ‍11,761​ million versus $11,231 million.Q2 group profit attributable down 11 pct‍​.  Full Article

Lenovo Group to buy 51 pct of Fujitsu Client Computing
Thursday, 2 Nov 2017 12:26am EDT 

Nov 2 (Reuters) - Lenovo Group <0992.HK>-:Proposed Joint Venture In Respect Of Fujitsu Client Computing Limited .Co to purchase Fujitsu sale shares, representing 51% of total issued share capital of fujitsu client computing​.Pursuant to agreement between Fujitsu & Development Bank of Japan, DBJ will be entitled to hold 5% of shares of FCCL​.Consideration payable to Fujitsu comprises jpy17.85 billion in cash,jpy2.55 billion performance-adjusted consideration on performance to March 2020​.  Full Article

Lenovo Group and Union Star entered into subscription agreement
Friday, 29 Sep 2017 10:47am EDT 

Sept 29 (Reuters) - Lenovo Group Ltd <0992.HK>::Company and Union Star Limited entered into subscription agreement.Lenovo Group to allot and issue subscription shares comprising 906.2 million shares at share subscription price of HK$$4.31 per subscription share.Net proceeds of share subscription are estimated to be approximately HK$3.88 billion.  Full Article

Lenovo Group says qtrly loss attributable $72 mln vs profit of $173 mln
Thursday, 17 Aug 2017 08:00pm EDT 

Aug 18 (Reuters) - Lenovo Group Ltd <0992.HK>:Qtrly ‍group revenue of us$10b, remains flat yty.Qtrly loss attributable to equity holders of company $72 mln vs profit of $173 mln.For fiscal quarter ended june 30, 2017, revenue of group's pcsd business was us$7,005 mln largely flat."Group is committed to invest in AI, IOT, Big Data and VR/AR with US$1.2 bln investment over next four years".Qtrly mobile business revenue was us$1,746 mln, up 2 pct.Market conditions remain challenging in short term, notably component supply shortage and cost hike are expected to continue​​​​.  Full Article

Lenovo Group says FY group revenue US$43 bln, down 4% yty
Thursday, 25 May 2017 12:17am EDT 

May 25 (Reuters) - Lenovo Group Ltd <0992.HK>-:Full year group revenue of us$43bln, down 4% yty, down 3% yty excluding currency impact.Board has resolved to recommend the payment of a final dividend of hk20.5 cents per share for the year ended march 31, 2017.FY group profit attributable to equity holders was us$535 million against us$128 million loss recorded in previous year.For fiscal year ended march 31, 2017, group's global pc unit shipments decreased 1 percent year-on-year to 55.7 million."Supply constraints of key components in industry and cost increases will continue to bring short-term challenges to group’s business environment".  Full Article

Lenovo to invest over $1.2 bln in R&D into AI, IoT - Nikkei
Friday, 14 Apr 2017 01:18pm EDT 

Nikkei: Lenovo Group will invest over $1.2 billion in research and development into artificial intelligence, Internet of Things and big data over next four years - Nikkei .Lenovo to work with Google, Amazon.com in product development to raise contribution of smartphones, other new businesses to 50% of total sales - Nikkei.  Full Article

Lenovo Group updates on transactions contemplated under existing cct agreements
Friday, 31 Mar 2017 05:59am EDT 

Lenovo Group Ltd <0992.HK> : Estimated value of transactions between group and compal group under existing cct agreements will not exceed us$16,000 million .Refers to announcements in relation to transactions contemplated under existing cct agreements entered into between lenovo singapore and compal.  Full Article

Lenovo announces issue of $150 mln securities
Thursday, 30 Mar 2017 08:56pm EDT 

Lenovo Group Ltd <0992.HK> : Issuance Of Us$150,000,000 5.375% Securities By A Subsidiary (2) Performance Guarantee From The Company (3) Issuance Of Us$150,000,000 5.375% Intra-group Notes By The Company . Issuer, company, entered into subscription agreement in connection with issuance of US$150mln 5.375% perpetual securities .Issuer is Lenovo Perpetual Securities Limited.  Full Article


Lenovo buys controlling stake in Fujitsu PC unit; second-quarter profit drops

HONG KONG Lenovo Group has agreed to buy a majority stake in Fujitsu Ltd's personal computer unit for up to $269 million, in a bid to corner a larger share of a market that is battling weak sales as more people switch to mobile devices.