Legend Holdings eyes overall listing
Updated: 2012-12-10 17:13
(chinadaily.com.cn)
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Legend Holdings Ltd, the parent of personal computer giant Lenovo Group Ltd, is planning an overall listing in the A-share market between 2014 and 2016.
Beijing-based newspaper the Jinghua Times reported the plan on Monday, quoting Liu Chuanzhi, founder of China's largest PC maker.
The company plans to invest a maximum of 30 billion yuan ($4.76 billion) on the listing plan, and to date more than 10 billion yuan has been spent, Liu said during a weekend forum.
As the leading company in China's IT industry, Legend became a publicly traded firm in 1994 after being listed in Hong Kong.
The company is now drafting its new blueprint for becoming an overall listed company.
"The reason why I can speak it out today is that we are already on the right track," Liu said.
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