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Lenovo Group Ltd (0992.HK)

0992.HK on Hong Kong Stock

5.52HKD
14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Sony Interactive Entertainment, Lenovo Signs Patent License Deal For Virtual Reality Headsets
Tuesday, 30 Oct 2018 12:00pm EDT 

Oct 30 (Reuters) - Lenovo Group Ltd <0992.HK>::SONY INTERACTIVE ENTERTAINMENT AND LENOVO™ ANNOUNCE DESIGN PATENT LICENSE AGREEMENT FOR VIRTUAL REALITY HEADSETS.AGREEMENT PROVIDES CO WITH LICENSE TO USE SIE'S PATENTED PLAYSTATION®VR INDUSTRIAL DESIGN FOR LENOVO MIRAGE SOLO VIRTUAL REALITY HEADSET.  Full Article

Lenovo And Netapp Form Global Strategic Partnership To Accelerate Customers’ Digital Transformation
Thursday, 13 Sep 2018 08:00am EDT 

Sept 13 (Reuters) - Lenovo Group Ltd <0992.HK>::LENOVO AND NETAPP FORM GLOBAL STRATEGIC PARTNERSHIP TO ACCELERATE CUSTOMERS’ DIGITAL TRANSFORMATION.LENOVO GROUP - LENOVO AND NETAPP ANNOUNCED A NEW JOINT VENTURE COMPANY IN CHINA.LENOVO GROUP LTD - NEW JV IS EXPECTED TO BE OPERATIONAL BY SPRING 2019, PENDING LOCAL APPROVALS.  Full Article

Lenovo Group Posts Qtrly Profit Attributable Of $33 Mln
Thursday, 24 May 2018 12:06am EDT 

May 24 (Reuters) - Lenovo Group Ltd <0992.HK>::QTRLY REVENUE $10,638 MILLION VERSUS $9,759 MILLION.QTRLY PROFIT ATTRIBUTABLE $33 MLN VS $107 MLN LAST YEAR .BOARD HAS RESOLVED TO RECOMMEND PAYMENT OF A FINAL DIVIDEND OF HK20.5 CENTS PER SHARE FOR YEAR ENDED MARCH 31, 2018.FY REVENUE OF MOBILE BUSINESS DECREASED 6 PERCENT YEAR-ON- YEAR TO US$7,241 MILLION.MARKET CONDITIONS REMAIN CHALLENGING IN SHORT TERM."GROUP'S VIEW IS THAT LOWERED TAX RATE IN US WILL BENEFIT ITS OPERATIONS THERE OVER TIME".WITH SMARTPHONE, GROUP WILL CUT EXPENSES TO SIGNIFICANTLY REDUCE THE LOSS IN THIS BUSINESS.  Full Article

Lenovo Announces Results Of Tender Offer For Repurchase Of 2019 Notes And 2022 Notes
Thursday, 22 Mar 2018 08:33pm EDT 

March 23 (Reuters) - Lenovo Group Ltd <0992.HK>::ANNOUNCES FINAL RESULTS OF TENDER OFFER FOR REPURCHASE OF 2019 NOTES AND 2022 NOTES.‍CO AND JOINT LEAD MANAGERS SIGN SUBSCRIPTION AGREEMENT TO CARRY OUT A DRAWDOWN UNDER MEDIUM TERM NOTE PROGRAMME​.‍AGREEMENT TO CARRY OUT DRAWDOWN UNDER MEDIUM TERM NOTE PROGRAMME TO ISSUE 2023 NOTES IN AGGREGATE NOMINAL AMOUNT OF US$750 MILLION​.INTENDS TO USE NET PROCEEDS FROM 2023 NOTES TO REPURCHASE ITS OUTSTANDING 2019 NOTES AND 2022 NOTES​.NON-PREFERRED TENDER CAP WAS REVISED TO U.S.$200 MILLION AND WAS EXCEEDED.U.S.$140.2 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF PREFERRED 2019 TENDER INSTRUCTIONS RECLASSIFIED TO NON-PREFERRED 2019 TENDER INSTRUCTIONS.‍HAS DETERMINED NOT TO ISSUE 2028 NOTES​.NOTES TENDERED PURSUANT TO NON-PREFERRED 2019 TENDER INSTRUCTIONS WILL BE SUBJECT TO PRORATION.‍EXPECTS FINANCING CONDITION TO BE SATISFIED AND SETTLEMENT DATE OF TENDER OFFER IS EXPECTED TO BE ON OR ABOUT MARCH 29, 2018​.PRORATION AT A PRORATION FACTOR OF 34.007369%.‍WILL MAKE AN APPLICATION TO STOCK EXCHANGE FOR LISTING OF, AND PERMISSION TO DEAL IN, 2023 NOTES​.NO NON-PREFERRED 2022 TENDER INSTRUCTIONS HAVE BEEN ACCEPTED..NO TENDER PRICE FOR 2022 NOTES WAS SET..  Full Article

Lenovo Group Proposes Issuance Of U.S. Dollar-Denominated Notes Due 2023 And 2028
Tuesday, 13 Mar 2018 08:17pm EDT 

March 14 (Reuters) - Lenovo Group Ltd <0992.HK>::PROPOSES ISSUANCE OF U.S. DOLLAR-DENOMINATED NOTES DUE 2023 AND 2028 .‍INTENDS TO USE NET PROCEEDS FROM PROPOSED ISSUANCE OF NEW NOTES TO REPURCHASE ITS OUTSTANDING 2019 NOTES AND 2022 NOTES​‍.  Full Article

Intel Announces Collaborations To Bring 5G To Mobile PCs
Thursday, 22 Feb 2018 11:50am EST 

Feb 22 (Reuters) - Intel Corp ::SAYS COLLABORATING WITH DELL, HP, LENOVO, MICROSOFT TO BRING 5G CONNECTIVITY TO WINDOWS PCS WITH INTEL XMM 8000 SERIES COMMERCIAL 5G MODEMS‍​.  Full Article

Lenovo Group Updates On Listing Of Medium Term Note Programme
Thursday, 15 Feb 2018 03:53am EST 

Feb 15 (Reuters) - Lenovo Group <0992.HK>::US$3,000,000,000 MEDIUM TERM NOTE PROGRAMME .MADE APPLICATION TO STOCK EXCHANGE OF HONG KONG LTD FOR LISTING OF US$3 BILLION MEDIUM TERM NOTE PROGRAMME.  Full Article

Lenovo Group Posts‍ Qtrly Loss Attributable Of US$289 Mln
Wednesday, 31 Jan 2018 06:33pm EST 

Feb 1 (Reuters) - Lenovo Group Ltd <0992.HK>::QTRLY LOSS ATTRIBUTABLE US$289 MILLION VERSUS PROFIT OF US$98 MILLION ​.‍Q3 GROUP REVENUE OF US$12.94 BILLION, UP 6%.QTRLY ‍MOBILE BUSINESS REVENUE WAS US$2,076 MILLION, DOWN 5 PERCENT YEAR-ON-YEAR​.  Full Article

Lenovo Updates On Impact of U.S. Tax Cuts On Assets
Tuesday, 9 Jan 2018 07:02pm EST 

Jan 10 (Reuters) - Lenovo Group Ltd <0992.HK>::LENOVO - EXPECTS TO MAKE A ONE-OFF CHARGE IN RESPECT OF ITS DEFERRED TAX ASSETS IN SUM OF APPROXIMATELY US$400 MILLION TO BE INCLUDED IN 9-MONTH RESULTS.DOES NOT EXPECT SUCH ADJUSTMENT TO HAVE ANY MATERIAL EFFECT ON ITS OPERATION OR CASH FLOW POSITION..UPDATES ON IMPACT OF RE-MEASUREMENT OF U.S. DEFERRED TAX ASSETS AS RESULT OF ENACTED U.S. TAX REFORM LEGISLATION, TAX CUTS AND JOBS ACT.‍NOTES THAT ACT ALSO REDUCES STATUTORY RATE OF U.S. CORPORATE INCOME TAX.BOARD BELIEVES THAT SUCH REDUCTION WILL POSITIVELY IMPACT FUTURE EARNINGS OF CO'S US OPERATIONS IN LONG TERM.  Full Article

Rpt-U.S. Ftc Says It Gives Final Approval To Lenovo Settlement
Tuesday, 2 Jan 2018 11:11am EST 

Lenovo Group Ltd <0992.HK>::U.S. FTC SAYS IT GIVES FINAL APPROVAL TO LENOVO SETTLEMENT.  Full Article

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Premium PC business boosts Lenovo's quarterly profit

HONG KONG Chinese PC maker Lenovo Group reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period.