Lenovo CEO splashes out US$403m on shares purchase

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Lenovo CEO splashes out US$403m on shares purchase

杨元庆成联想集团最大个人股东

 

Yang Yuanqing, chief executive of Lenovo Group, bought 797 million shares of the PC maker from parent company Legend Holdings Ltd. for US$403 million, according to documents filed with the Hong Kong Stock Exchange on Friday.

The purchase makes Yang Yuanqing the firm's largest individual shareholder with 8.7 percent of outstanding shares. Analysts have interpreted the move as a sign Lenovo Group founder Liu Chuanzhi plans to cede full control of the company to the CEO.

Legend Holdings still holds nearly 35 percent of Lenovo stock after the deal, remaining Lenovo's largest shareholder.

Calculated at the $0.53 price at close on Friday, Yang's 797 million shares are worth about US$423 million.

Legend Holdings Ltd. declined to disclose details about the deal.

Lu Bowang, president of China IntelliConsulting Corp., a Beijing-based consultancy, said the investment quite likely was likely backed by institutional investors.

"With his salary and bonuses, Yang is unable to make such a big investment," said Lv. "Even if he is paid HK$5 million a year, he would only have earned about HK$400 million over his 22-year career."

Yang's investment was perhaps funded by banks or private equity firms, Lv said.

 

上周五,联想集团CEO杨元庆通知香港联合交易所,已经从母公司联想控股购得7.97亿股的联想集团股票。

杨元庆此次收购后其持有的联想集团发行股份额由此升至约8.7%。种种迹象表明,柳传志决定逐步将联想集团的权力移交给“爱将”杨元庆。

联想控股约占35%股份,仍为联想集团的单一最大股东。

按每股3.5港元作价,杨元庆此次收购耗资约31.48亿港元。

联想控股方面对此并未透露更多的信息。

正望咨询总裁吕伯望分析,此次杨元庆收购的资金来源可能由机构投资者支持的。

凭借杨元庆自己的年薪和分红,他不可能做这样大一笔投资,吕伯望说道。

杨可能聚集一些投资人、财团,组成合伙人去完成此次收购。

China's business press carried the story above on Monday.

 
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