Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
Lenovo Trade Halt Fuels Conjecture
Adjust font size:  ZoomIn ZoomOut

The country's biggest computer maker, Lenovo Group, stopped trading of its shares on the Hong Kong Stock Exchange Monday, but remained silent on a speculated deal to acquire US giant IBM's plant in Shenzhen.

An announcement on price-sensitive deals is expected after the trade halt, but the company had not issued a statement by close of business on Monday.

A Lenovo spokesperson declined to specify when the statement would be made, only saying the company will follow the rules of the securities regulatory authorities.

It is widely believed that the statement will be related to the acquisition of the world's biggest information technology company IBM's major production base in Shenzhen, Guangdong Province.

The production base, named International Information Product (Shenzhen) Co Ltd (IIPC), is a joint venture between IBM and its long-time partner China Great Wall Group Corp, with IBM holding 80 percent of the stakes.

IIPC is IBM's most important notebook computer production base worldwide and houses its biggest Intel-architecture computer server production facility in the Asia-Pacific region.

Sources close to Great Wall Group said on Monday that they had agreed to sell their 20 percent stake in IIPC to Lenovo at the request of IBM.

Great Wall's chairman Chen Zhaoxiong said that recently the focuses of his company were to strengthen self-owned brands and foster new profit growth engines.

One previous pillar of Great Wall Group's business was the original equipment manufacturing (OEM) business with IBM.

They opened a US$280-million chip assembly and testing plant in Shenzhen, which was believed to be the beginning of its industrial restructuring.

For Lenovo, the acquisition of IIPC will greatly elevate their manufacturing and design capability, according to Huang Yong, a senior industry analyst with the domestic research firm.

Although Lenovo has a strong presence in the Chinese market, its brand influence in the international market is quite small.

With IBM's reputation and technological design capability in IIPC, Lenovo has a much larger chance to expand overseas, said Huang.

Lenovo, the largest PC maker in China, has had difficulties in further expanding or even maintaining its market share due to fierce competition.

As its expansion in mobile phone manufacturing and IT services are far from the company's expectations, OEM business could diversify Lenovo's business line.

Since the deal was valued at US$1-2 billion by some investment banks and Lenovo may not be able to afford it, industry experts say that they are likely to pay IBM with some of their stocks, which would allow IBM to retain some control over the production facility.

(China Daily December 7, 2004)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Legend Rebrands Logo to Expand Overseas Market
- IT Giant Aims to Raise International Profile
- Lenovo Joins the International Olympic Committee
- Lenovo, Sun Media Join Hands
- Lenovo, IBM to Set up JV
- Lenovo Earnings Up 16%
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- Irresponsible remarks on Hu Jia case opposed 
- 'The China Riddle'
- China, US agree to step up constructive,cooperative relations
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty
- Factory fire kills 15, injures 3 in Shenzhen

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 国产无套粉嫩白浆在线| 好吊妞在线观看| 亚洲av无码不卡久久| 永久中文字幕免费视频网站| 免费无码国产V片在线观看| 老师…好紧开裆蕾丝内裤| 国产女人精品视频国产灰线| 福利视频757| 欧美日韩一区二区综合在线视频| 免费无码成人片| 精品欧美小视频在线观看| 国产一级一级一级国产片| 高清免费a级在线观看国产| 国产欧美久久一区二区| 香蕉在线精品视频在线观看6| 国内精品区一区二区三| jizz.日本| 婷婷丁香五月中文字幕| 丁香婷婷在线观看| 成人试看120秒体验区| 久久久久久人妻一区精品| 日韩一区二区视频| 久久精品无码一区二区三区| 最新更新国内自拍视频| 亚洲丝袜制服欧美另类| 欧美巨鞭大战丰满少妇| 亚洲欧美日韩图片| 欧美黑人疯狂性受xxxxx喷水| 亚洲自偷自偷在线制服| 男人操女人视频网站| 免费a级毛片无码专区| 粉色视频在线观看www免费| 六月婷婷中文字幕| 精品偷自拍另类在线观看| 北条麻妃中文字幕免观在线| 精品无码国产一区二区三区麻豆| 和阿同居的日子hd中字| 绿茶可约可空降直播软件| 卡通动漫第一页综合专区| 精品无人区乱码1区2区| 北岛玲亚洲一区在线观看|