The write-down is non-cash in nature, and the group “does not expect such an adjustment to have any material effect on its operation or cash flow position”, the PC maker said in a filing to the Hong Kong bourse. Photo: AFP

Lenovo to take one-time US$400 million hit due to US tax reform, but eyes long-term gains

The new US tax corporate cut expected to cause short-term pain for companies, but likely to be favourable in the longer run

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The write-down is non-cash in nature, and the group “does not expect such an adjustment to have any material effect on its operation or cash flow position”, the PC maker said in a filing to the Hong Kong bourse. Photo: AFP
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