Legend Holdings Acquires 115 Million Shares of Lenovo Group from Honorific in Open Market

Deep News12-10

Legend Holdings (03396) announced that between November 21, 2025, and December 9, 2025 (inclusive), the company, through a series of acquisitions in the open market by its wholly-owned subsidiary Honorific, purchased a total of 115 million shares of Lenovo Group (00992), representing approximately 0.9285% of Lenovo Group's issued share capital as of the announcement date. The total cash consideration (excluding related transaction fees) amounted to approximately HKD 1.125 billion. The average price per share of Lenovo Group under the acquisitions (excluding related transaction fees) was approximately HKD 9.7653.

Lenovo Group, a limited company incorporated in Hong Kong, has been listed on the Hong Kong Stock Exchange since 1994. The company is primarily engaged in the research, development, manufacturing, and sales of smart devices (including personal computers, workstations, smartphones, and tablets), infrastructure (such as servers, storage, edge computing, high-performance computing, and software-defined infrastructure), as well as software, solutions, and services.

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