Arab Today, arab today lenovo parent raises nearly 2bn in hong kong ipo
Last Updated : GMT 08:31:20
Arab Today, arab today
Arab Today, arab today

Lenovo parent raises nearly $2bn in Hong Kong IPO

Arab Today, arab today

Arab Today, arab today Lenovo parent raises nearly $2bn in Hong Kong IPO

Lenovo parent raises nearly $2bn
Hong Kong - XINHUA

Legend Holdings, the parent company of the world's largest PC maker Lenovo, raised nearly 2 billion U.S. dollars in an initial public offering (IPO) on Monday in Hong Kong.

Witnessed by dozens of cornerstone investors and the company's management, Legend Holdings' chairman Liu Chuanzhi hit the gong during the debut of the company at Hong Kong Exchanges, opening the share price at 43.15 Hong Kong dollars (5.57 U.S. dollars), 0. 4 percent higher than its offering price.

In its first trading day, Legend Holdings (stock code 3396) went up and down between 43.55 Hong Kong dollars and 42.85 Hong Kong dollars with a turnover of 2.7 billion Hong Kong dollars and a market value of 16.7 billion Hong Kong dollars (about 2.1 billion U.S. dollars).

According to Legend Holdings' plan, it will spend about 55 percent to 60 percent of the raised fund in strategic investment to support new purchase and current businesses which covers six major sectors: information technology (IT), financial service, modern service, real estate, agriculture, chemical and energy.

"Today I am very excited but calm at the same time," said Liu at the IPO ceremony. "I'm feeling excited because the IPO means a new milestone for Legend, and calm because we pay more attention to the company's long-term performance rather than its price's ups and downs today."

Liu pledged that Legend Holdings will continue to prioritize shareholders' interests and build a centennial company of global influence which has leading sub-entities in multiple industries.

Before Monday's debut, Legend Holdings secured 950-million-U.S.- dollar-worth commitments from 24 cornerstone investors, including Hong Kong tycoons and Chinese mainland investors. Liu specially appreciated the cornerstone investors' long-term trust to his company.

Zhu Linan, president of Legend Holdings, said the company will focus its investment in consumer, service and finance sectors. Liu believed that medical service and education will have huge potential in China's future economic growth thanks to China's mid- class population and government's policy.

Legend Holdings was established in 1984 by Liu Chuanzhi and 10 other researchers with 200,000 yuan from the government think tank Chinese Academy of Sciences. After 31-year development, Legend Holdings has become a comprehensive investment holding company with a revenue of more than 46.7 billion U.S. dollars in 2014. Enditem

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lenovo parent raises nearly 2bn in hong kong ipo Arab Today, arab today lenovo parent raises nearly 2bn in hong kong ipo

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lenovo parent raises nearly 2bn in hong kong ipo Arab Today, arab today lenovo parent raises nearly 2bn in hong kong ipo

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday