Legend's Liu Chuanzhi hails company's successful debut on Hong Kong Stock Exchange

For Legend Holdings founder and chairman Liu Chuanzhi, the atmosphere at his company's listing on the Hong Kong Stock Exchange on Monday seemed quite familiar.

Everyone was all smiles, a pack of media representatives were present to ask questions and take pictures, and there was a palpable expectation among the principals that more work lies ahead.

"Today is the second time that I stand here and participate in the gong ceremony for listing in the Hong Kong stock exchange," Liu said.

READ MORE: China share market yet to hit its peak, says Lenovo founder Liu Chuanzhi

The first time was in February 1994, when Liu presided over the trading debut of Beijing-based personal computer maker Legend Holdings. Its corporate name was changed to Lenovo Group in 2003, reflecting a business focus separate from the other activities of investment holding company parent Legend.

When Lenovo was listed, Liu reminisced that the company's market capitalisation was about HK$900 million.

"After 20 years of much effort, Lenovo's market capitalisation is now HK$120 billion -- an increase of 130 times," he said.

Since its blockbuster purchase of IBM's personal computer business in for US$1.75 billion in 2005, Lenovo has diversified its business to include, smartphones, media tablets, servers and enterprise storage systems, and made other strategic acquisitions.