Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    Lenovo considers A-share market via CDR

    By Zhang Jie | chinadaily.com.cn | Updated: 2018-03-28 14:16
    Share
    Share - WeChat
    Headquarters of Lenovo Group in Beijing, March 3, 2018. [Photo/VCG]

    China's Legend Holdings will split its several business arms to go public on stock markets, the group's president Zhu Linan said on Tuesday.

    The business arms, including financial service firm Zhengqi Financial, plan to list on the H-share market in Hong Kong. Meanwhile, payment service firm Lakala Group, new material firm Levima Group, and agricultural firm Joyvio Group's Joy Wing Mau will go to the A-share market, according to financial news website Caijing, citing Zhu.

    Moreover, Legend Holdings' Hong Kong-listed arm Lenovo Group also presents an interest to return to the A-share market via a Chinese depositary receipt (CDR) or other measures, according to Zhu.

    Because A-share market supervision rules do not allow the listed company to split its subsidiaries as independent units to go public, Legend Holdings cannot issue the CDR for the time being. But it actively supports its other listed branches to return to the Chinese mainland's stock market, Zhu said.

    Legend Holdings financial report shows that the group's performance increased for the third consecutive year. Its revenue for 2017 grew 3 percent year-on-year to 316.27 billion yuan ($50.44 billion), while net profits went up by 4 percent to 5.05 billion yuan.

    The report also shows a rise in the revenues of firms controlled by Legend Holdings. The increase was 130 percent to 3.64 billion yuan for its financial firms, 32 percent to 2.81 billion yuan for its consumption and service firms, 52 percent to 4.96 billion yuan for its agriculture and food firms, and 4 percent to 4.88 billion yuan for its new materials firms.

    Among these firms, net profits surged 7 percent for financial firms, 231 percent for agriculture and food firms, and 242 percent for new materials firms, while losses continued to narrow for consumption and service firms.

    Last year, Lenovo Group's revenue grew by 6 percent year-on-year, and its losses narrowed to 246 million yuan. In 2016, the figure was 1.34 billion yuan.

    According to Zhu, the purchasing deal to buy 90 percent of Banque Internationale a Luxembourg awaits approval by Luxembourg's central bank and the European Central Bank.

    Zhu said the deal, once completed, will be conducive to improving Legend Holdings' asset structure.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲国产人成中文幕一级二级 | 无码人妻AⅤ一区二区三区 | 无码精品人妻一区二区三区影院| 一二三四在线播放免费观看中文版视频| 精品久久久久久无码中文字幕| 亚洲欧洲日产国码无码网站| 精品人妻中文av一区二区三区| 国产成人AV一区二区三区无码| 一本色道无码道在线观看| 日本一区二区三区精品中文字幕 | 久久久久久国产精品无码超碰| 免费无码av片在线观看| 亚洲中文字幕无码不卡电影| 蜜芽亚洲av无码精品色午夜| 中文字幕无码第1页| 国产又爽又黄无码无遮挡在线观看| 在线观看免费中文视频| 中文字幕日本人妻久久久免费 | 四虎成人精品国产永久免费无码 | 日韩精品无码一区二区三区不卡 | 亚洲av无码潮喷在线观看 | 亚洲国产精品无码久久久蜜芽| 中文字幕在线免费看线人| 亚洲国产精品无码中文字| 精品人妻少妇嫩草AV无码专区| 精品无码人妻夜人多侵犯18| 水蜜桃av无码一区二区| 四虎成人精品无码| 久久久久久国产精品免费无码| 人妻aⅴ无码一区二区三区| 无码AV片在线观看免费| 色综合久久久久无码专区| 无码137片内射在线影院| 日韩人妻无码中文字幕视频 | 精品无码国产自产拍在线观看蜜| 久久久久久无码Av成人影院| 精品无码AV一区二区三区不卡| 国产乱子伦精品无码码专区| 精品国产毛片一区二区无码| 成人毛片无码一区二区三区| 亚洲gv天堂无码男同在线观看|