Tuesday, September 4, 2012

Reuters: Global Markets: Lenovo shares slump after Japan's NEC exits

Reuters: Global Markets
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Lenovo shares slump after Japan's NEC exits
Sep 5th 2012, 02:20

HONG KONG | Tue Sep 4, 2012 10:20pm EDT

HONG KONG (Reuters) - Shares of PC maker Lenovo Group Ltd (0992.HK) fell 6.5 percent in early trading on Wednesday after Japan's cash-strapped NEC Corp (6701.T) sold its entire stake in the company in a deal worth 18 billion yen ($229.62 million).

Lenovo shares fell below HK$6.30, the lower end of the range at which the deal was priced.

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