The shareholding ratio has increased to 32.34%! LEGENDHOLDING invests over 1.1 billion Hong Kong dollars to increase its stake in LENOVO GROUP, showing continued optimism for its future development potential.
The shareholding ratio has increased to 32.34%! Legend Holdings spent over HK$1.1 billion to increase its stake in Lenovo Group.
On December 9, the Hong Kong Stock Exchange disclosed that LEGENDHOLDING (03396) announced that from November 21 to December 9, 2025 (including the first and last days), the company, through a series of acquisitions in the public market, acquired a total of approximately 115 million shares of LENOVO GROUP (00992) through its wholly-owned subsidiary Honorific (representing approximately 0.9285% of the issued share capital of LENOVO GROUP as of the date of this announcement) for a total cash consideration of approximately HK$1.125 billion (equivalent to approximately RMB 1.023 billion). The average price per share of LENOVO GROUP shares acquired in the acquisition (excluding related transaction costs) was approximately HK$9.7653 (equivalent to approximately RMB 8.8846). The consideration for the acquisition was paid from the Group's existing financial resources.
Upon completion of the acquisition, the company will directly and indirectly hold approximately 4.011 billion shares of LENOVO GROUP (representing approximately 32.34% of the issued share capital of LENOVO GROUP as of the date of this announcement).
LENOVO GROUP is one of the company's important subsidiaries and as a globally leading technology company, it has consistently ranked first in the global PC market for multiple years. Under the AI inclusive wave, it continues to advance its hybrid AI strategy, making AI gradually its core growth engine. In the 2025/26 fiscal year, LENOVO GROUP achieved historical highs in revenue and net profit for multiple quarters, demonstrating strong operational resilience and growth momentum. The company remains optimistic about LENOVO GROUP's future development potential.
The company expressed its continued confidence in LENOVO GROUP as a global leading technology company in the AI inclusive wave. Its strategy aligns well with the company's direction of "insisting on technology innovation leadership" and fits with the company's investment strategic layout. The board of directors believes that the terms of this acquisition are fair and reasonable, and are in the overall interests of the company and shareholders.
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