Home > News content

Lenovo Group's IPO application was accepted and will be listed on The Science board

via:凤凰网科技     time:2021/9/30 18:01:12     readed:144

Phoenix Net Technology News September 30, Lenovo Group Co., Ltd. initial public offering of depositary receipts (CDR) and listed on the board has been accepted. The company intends to issue no more than 1,338 million CDRs, and intends to raise 10 billion yuan. This is also after September 17, the CSRC issued "on the expansion of the pilot scope of red-chip enterprises listed in China", red-chip listed companies in the form of CDR back to A the first single.

According to the prospectus filing, Lenovo Group's sponsor for this issue is CICC, and the co-lead underwriters are Goldman Sachs Securities and CITIC Securities.

According to the prospectus filing, Lenovo Group achieved net profit of RMB4.247 billion, RMB5.594 billion and RMB8.685 billion, respectively, in the 18/19 fiscal year, fiscal year 19/20 and fiscal year 20/21, with a compound annual growth rate of 43.00%, with a significant increase in profitability. It is worth mentioning that during the reporting period, Lenovo Group's annual average investment in research and development exceeds 10 billion, is up to now the science and technology board has been listed and has applied for the highest investment in research and development enterprises.

At the 2021 Lenovo Innovation and Technology Conference, Yang Yuanqing, chairman and CEO of Lenovo Group, said Lenovo will continue to increase its investment in research and development and plans to double it in the next three years.

translate engine: Bing

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments