Legend Holdings Plans to List in Hong Kong in Five Years

Date:2011-11-04wangxin  Text Size:

Legend Holdings, parent company of China’s leading PC maker Lenovo, is set to list in Hong Kong in five years, the Securities Times reported, quoting company founder Liu Chuanzhi, who has just stepped aside from Chairman.

The designation would allow him to turn his attentions to businesses in Legend Holdings, and help it reach its targeted IPO between 2014 and 2016, according to Yang.

The statement was made today, along with super results in the second quarter of the 2011 fiscal year. Global PC sales climbed 35.8 percent from the same period of last year in the second quarter, seven times of total sales increase in the same period. Sales of the group grew 35.2 percent year-on-year to 7.8 billion U.S. dollars, a record high in history, the results showed.

The company announced at the same time that its CEO, Yang Yuanqing, would also take the post as Chairman of the group.

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