26 September 2018

Lenovo unaware of any opposition to asset purchases, CFO says

Lenovo Group Ltd. (00992.HK) has not received any notice from governments or regulatory authorities anywhere barring the company from asset acquisitions, chief financial officer Wong Wai-ming told a media teleconference Thursday. “So far we have not been informed by any government or regulatory authorities that we can or cannot buy anything,” he said. His remarks came amid speculation that Lenovo’s reported bid for Blackberry had been rejected by the Canadian government due to national security concerns. The world’s biggest PC maker remains open to acquiring assets and has the financial strength and management capability to undertake such moves, Wong said. Meanwhile, chairman and chief executive officer Yang Yuanqing said his firm aims to have mobile device business, which includes smartphones, account for 50 percent of the overall revenue in five years, up from the current 20 percent.

– Contact HKEJ at [email protected]


EJI Weekly Newsletter

Please click here to unsubscribe