12 September, 2024 – Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY) is happy to announce that its shareholders handed the proposed resolutions in relation to Strategic Enterprise Transactions introduced in Could 2024 at as we speak’s basic assembly in Hong Kong, approving the issuance of a US$2 billion zero coupon convertible bond to Alat, a KSA Public Funding Fund (PIF) firm targeted on transformative know-how funding and sustainable manufacturing, and the issuance of 1.15 billion warrants.
The Strategic Enterprise Transactions will elevate funds to assist Lenovo speed up its progress and transformation. The introduction of Alat as a long-term strategic associate is predicted to additional diversify Lenovo’s international provide chain footprint, speed up its enlargement within the Center East and Africa (MEA) area, and drive higher monetary flexibility.
Learn right here for the ballot outcomes which have been revealed on the Hong Kong Inventory Change web site. The completion of the Strategic Enterprise Transactions is topic to closing situations precedents in addition to different customary regulatory approvals.
About Lenovo
Lenovo is a US$57 billion income international know-how powerhouse, ranked #248 within the Fortune International 500, and serving thousands and thousands of consumers day-after-day in 180 markets. Centered on a daring imaginative and prescient to ship Smarter Know-how for All, Lenovo has constructed on its success because the world’s largest PC firm with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized gadgets (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and providers. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, in all places. Lenovo is listed on the Hong Kong inventory change beneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To seek out out extra go to https://www.lenovo.com, and skim in regards to the newest information by way of our StoryHub.
