Sina Technology News Beijing time on the evening of January 12th, as of press time, Lenovo Group’s US stocks rose by more than 10%, after announcing that it plans to issue Chinese depositary receipts and list on the Shanghai Stock Exchange’s Science and Technology Innovation Board.
Lenovo said the company will seek a special mandate from its shareholders to issue up to 1,337,967,290 shares of the company’s common stock, representing 10% of the company’s total issued shares as enlarged by the issuance of the underlying shares. The funds raised will be used for the research and development of technologies, products and solutions, strategic investment in related industries, and to supplement the company’s working capital.
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