Stocks

Lenovo to sell CDRs in Shanghai, boosting Star Market’s pitch for China’s national champions to raise funds at home

  • The world’s biggest personal computer maker plans to sell Chinese depositary receipts (CDRs), at 10 per cent of share capital
  • Based on Tuesday’s closing price of HK$8.05 per share, Lenovo’s CDR sale could raise up to HK$10.8 billion (US$1.4 billion)

Topic |   Stocks
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