• allan said: hi .. svilena hristova i had cheated by a chinese company in senzhen. i...
• Svilena Hristova said: Hi, i live in China and i will try to help you. Send me email...
• Jhummun S said: I made payment a huge sum for an order on 13/12/2011 by credit card...
• steve said: can i use roaming service in Yangon, Myanmar using this china sin card ?
• norm said: I would like to know that also. Feb. 2006 I aquired shares.
• baove said: Is it just me or does it seem that Vietnamese are strong supporters of...
• Clifford Mensch said: I would like to offer property for sale to investors, 60 acres...
• Clem said: 100,000 employees, 200,000 iphones produced daily. I wonder what kind of...
• Trizt said: I really hope they do pay the workes for all the extra hours they will...
Get Our Weekly Email Newsletter
2012 International Conference on Green Building and Civil Engineering @ Guizhou - 2012/05/19
Annual Conference of the Academy of Innovation and Entrepreneurship 2012 @ Macau - 2012/06/08
Lenovo Becomes Sole Owner Of Lenovo Mobile
December 22, 2005 |
Print
| 
Email
| 
Comments | Category: Wireless
Lenovo has signed a Share Transfer Agreement with Xoceco and has taken over the remaining 19.2% of stake held by the latter in Lenovo Mobile, a joint venture between the two.
Lenovo spent CNY72 million cash on the deal which has now made it the sole shareholder of Lenovo Mobile.
Lenovo representatives told local media that the acquisition will help Lenovo better control its mobile phone service now that it has become one of the four major mobile phone makers in China.
Lenovo Mobile was set up in 2002 by Legend, which was renamed Lenovo in April 2003, and Xoceco with a total investment of CNY150 million, of which CNY90 million came from Legend and CNY60 million by Xoceco.
In 2002, Legend bought 16% of the company with CNY24 million.
The transfer will be completed by the end of this year, but the company management will not be changed.
Related Links:
Recommend this page: 
Loading ...Leave A Comment:
-
Security
- Qihoo 360's Safebox Software Will Integrate With Uuu9.com
- Apple Suspends iPhone 4S Sales In Retail Stores In China
- New Chinese Internet Rules Focus On Data Security, Web Advertising
- Chinese Internet Users Can Report Online Fraudsters Via New Baidu Service
- Huawei To Acquire 49% Stake In Security JV With Symantec
-
Software
-
Telecom & Wireless
Copyright 2012 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 