Asia Domain Name Registration Limited: IBM and Lenovo
Posted in the Science / Technology Forum
#1 Apr 21, 2008
Asia Domain Name Registration Limited: IBM to throw further 1.3 percent stake in Lenovo
The news was brought by the Asia Domain Name Registration Limited
Following the February after, IBM also plans placing an equal number of Lenovo Group (0992. HK) Company shares. Yesterday, Citigroup issued a show details of the contract, IBM will be allocated 1.3 percent of Lenovo Group shares, if successful placement, IBM Lenovo Group in the shareholding ratio will fall to 6.16 percent.
IBM will share the price of 5.61-5.76 Hong Kong dollar 1.1619 Placing Lenovo Group billion shares, compared price of Lenovo Group H shares yesterday's closing price of 5.97 Hong Kong dollar discount of 3.5%-6.0%, IBM is expected to cash in as much as 669 million Hong Kong dollar.
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