Lenovo unaware of rumour that Compal may acquire stake (translated)
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Lenovo, the listed Chinese computer maker, is unaware of the market rumour that said Taiwan-based laptop manufacturer Compal may acquire a stake in the company, the Hong Kong Economic Journal reported, citing Lenovo management.
The Chinese language HKEJ report cited a report from the Economic Daily News in Taiwan that Compal may acquire a stake in Lenovo in order to ensure continuous business orders from Lenovo. The EDN report said a spokesperson from Compal declined to comment on the news, while Lenovo management told the HKEJ that s/he has never heard that Compal plans to take a stake in the company.
Lenovo reported revenues of USD 20.87bn for the six months ended September 2014.
Hong Kong Economic Journal