China’s Lenovo Group makes one in four personal computers sold worldwide. Photo: Reuters
China’s Lenovo Group makes one in four personal computers sold worldwide. Photo: Reuters
Lenovo

Lenovo’s China IPO withdrawal leaves investors fuming as they blame founder Liu Chuanzhi for woes

  • Lenovo Group planned to raise US$1.6 billion from sale of Chinese depositary receipts, but withdrew its application
  • The IPO would have helped the Chinese personal-computer giant to lower its debt ratio that stood at 90.5 per cent at the end of last year

China’s Lenovo Group makes one in four personal computers sold worldwide. Photo: Reuters
China’s Lenovo Group makes one in four personal computers sold worldwide. Photo: Reuters
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