Stake Sold in Lenovo's Parent

Susan Hall

The Chinese government has found a buyer for a 29 percent stake in the parent company of PC maker Lenovo, reports bizjournals.com. The story says private investment group China Oceanwide Holdings Group has bought the stake in Legend Holdings for 2.76 billion yuan (US$404 million).

 

The state-run Chinese Academy of Sciences will retain a 36 percent stake and will remain its largest investor, according to Network World.



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