The second listing would have been “nice to have” for the company, which is listed in Hong Kong, Yang told Reuters in an interview after the world’s biggest maker of personal computers issued its second-quarter results. SHANGHAI, Nov 4 (Reuters) – Factors such as market conditions and the listing process were behind Lenovo’s (0992.HK) withdrawal of its 10 billion yuan ($1.56 billion) share listing in Shanghai last month, Chairman Yang Yuanqing said on Thursday.
“We will continue to evaluate all opportunities to support our business transformation as part of our wider long-term global finance strategy.”
“Without that, it will not change Lenovo’s fundamentals, so it will not impact Lenovo’s business at all,” added Yang, who is also the company’s chief executive.
Lenovo shares tumbled last month after it abruptly withdrew its application for the listing, days after it had been accepted by the STAR Market in the Chinese commercial hub. read more
($1=6.3939 Chinese yuan renminbi)
Reporting by Brenda Goh; Editing by Clarence Fernandez
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