Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan

Bloomberg2021-10-11

Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was ...

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精彩评论

Minion
2021-10-11
Minion
Like [微笑]
ivy888
2021-10-11
ivy888
Like
VinKuang
2021-10-11
VinKuang
Pls like and comment tyvm[微笑]
- ivy888:
  ok
Milliondream
2021-10-11
Milliondream
Why don’t want to list in China?
- kungpao:
  I wanna know too
- ramius75:
  [Helpless]
- PJoo:
  China Market is volatile these days
Jazim
2021-10-11
Jazim
Ok
- fysx49:
  ok

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Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.</p>\n<p>The company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.</p>\n<p>Lenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. 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Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.\nThe company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.\nLenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.\n“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”\n\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n\n\n -- Matthew Kanterman and Nathan Naidu, analysts","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":828574108,"gmtCreate":1633930022560,"gmtModify":1633930022882,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579641974902127","authorIdStr":"3579641974902127"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828574108","repostId":1170936079,"repostType":4,"repost":{"id":"1170936079","kind":"news","pubTimestamp":1633924223,"share":"https://www.laohu8.com/m/news/1170936079?lang=&edition=full","pubTime":"2021-10-11 11:50","market":"hk","language":"en","title":"Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1170936079","media":"Bloomberg","summary":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 per","content":"<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.</p>\n<p>Shares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.</p>\n<p>The company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.</p>\n<p>Lenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.</p>\n<p>“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”</p>\n<blockquote>\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n</blockquote>\n<blockquote>\n -- Matthew Kanterman and Nathan Naidu, analysts\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/c72c27299c6cdc536c103ba6f16eecab\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-11 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00992":"联想集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170936079","content_text":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.\nShares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.\nThe company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.\nLenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.\n“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”\n\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n\n\n -- Matthew Kanterman and Nathan Naidu, analysts","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":828545370,"gmtCreate":1633928966249,"gmtModify":1633928966340,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"VinKuang","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3577323914202336","authorIdStr":"3577323914202336"},"htmlText":"Pls like and comment tyvm[微笑]&nbsp;","listText":"Pls like and comment tyvm[微笑]&nbsp;","text":"Pls like and comment tyvm[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/828545370","repostId":1170936079,"repostType":4,"repost":{"id":"1170936079","kind":"news","pubTimestamp":1633924223,"share":"https://www.laohu8.com/m/news/1170936079?lang=&edition=full","pubTime":"2021-10-11 11:50","market":"hk","language":"en","title":"Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1170936079","media":"Bloomberg","summary":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 per","content":"<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.</p>\n<p>Shares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.</p>\n<p>The company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.</p>\n<p>Lenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.</p>\n<p>“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”</p>\n<blockquote>\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n</blockquote>\n<blockquote>\n -- Matthew Kanterman and Nathan Naidu, analysts\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/c72c27299c6cdc536c103ba6f16eecab\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-11 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00992":"联想集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170936079","content_text":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.\nShares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.\nThe company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.\nLenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.\n“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”\n\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n\n\n -- Matthew Kanterman and Nathan Naidu, analysts","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6160131,"gmtCreate":1633930028937,"gmtModify":1634716345008,"authorId":3579641974902127,"author":{"id":3579641974902127,"idStr":"3579641974902127","authorId":3579641974902127,"name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":828545370,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":828529257,"gmtCreate":1633926214947,"gmtModify":1633926215171,"author":{"id":"3559283513621894","authorId":"3559283513621894","name":"Milliondream","avatar":"https://static.tigerbbs.com/2a00e2718679bd499f27764a78342e5c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3559283513621894","authorIdStr":"3559283513621894"},"htmlText":"Why don’t want to list in China?","listText":"Why don’t want to list in China?","text":"Why don’t want to list in China?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/828529257","repostId":1170936079,"repostType":4,"repost":{"id":"1170936079","kind":"news","pubTimestamp":1633924223,"share":"https://www.laohu8.com/m/news/1170936079?lang=&edition=full","pubTime":"2021-10-11 11:50","market":"hk","language":"en","title":"Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1170936079","media":"Bloomberg","summary":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 per","content":"<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.</p>\n<p>Shares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.</p>\n<p>The company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.</p>\n<p>Lenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.</p>\n<p>“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”</p>\n<blockquote>\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n</blockquote>\n<blockquote>\n -- Matthew Kanterman and Nathan Naidu, analysts\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/c72c27299c6cdc536c103ba6f16eecab\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-11 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00992":"联想集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170936079","content_text":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.\nShares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.\nThe company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.\nLenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.\n“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”\n\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n\n\n -- Matthew Kanterman and Nathan Naidu, analysts","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6159879,"gmtCreate":1633927889958,"gmtModify":1634716365872,"authorId":3575091423649914,"author":{"id":3575091423649914,"idStr":"3575091423649914","authorId":3575091423649914,"name":"kungpao","avatar":"https://static.tigerbbs.com/f469169ddf2122a6445250fcaea5382c","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":828529257,"type":1,"supId":0,"prevId":0,"content":"<p>I wanna know too</p>","text":"<p>I wanna know too</p>","html":"<p>I wanna know too</p>"},{"id":6160000,"gmtCreate":1633928936291,"gmtModify":1634716356793,"authorId":3586470645934044,"author":{"id":3586470645934044,"idStr":"3586470645934044","authorId":3586470645934044,"name":"ramius75","avatar":"https://static.tigerbbs.com/10763970a5bf5e3128c5423ebbee8096","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":828529257,"type":1,"supId":0,"prevId":0,"content":"[Helpless]","text":"[Helpless]","html":"[Helpless]"},{"id":6162116,"gmtCreate":1633951106845,"gmtModify":1633951106845,"authorId":3572863479502236,"author":{"id":3572863479502236,"idStr":"3572863479502236","authorId":3572863479502236,"name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":828529257,"type":1,"supId":0,"prevId":0,"content":"China Market is volatile <u>these</u> days","text":"China Market is volatile <u>these</u> days","html":"China Market is volatile <u>these</u> days"}],"langContent":"CN"},{"id":828582870,"gmtCreate":1633924912914,"gmtModify":1633924913014,"author":{"id":"4091925166419540","authorId":"4091925166419540","name":"Jazim","avatar":"https://static.tigerbbs.com/85de7ecb80758afc3288fc8bb7e5ef27","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4091925166419540","authorIdStr":"4091925166419540"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/828582870","repostId":1170936079,"repostType":4,"repost":{"id":"1170936079","kind":"news","pubTimestamp":1633924223,"share":"https://www.laohu8.com/m/news/1170936079?lang=&edition=full","pubTime":"2021-10-11 11:50","market":"hk","language":"en","title":"Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1170936079","media":"Bloomberg","summary":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 per","content":"<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.</p>\n<p>Shares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.</p>\n<p>The company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.</p>\n<p>Lenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.</p>\n<p>“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”</p>\n<blockquote>\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n</blockquote>\n<blockquote>\n -- Matthew Kanterman and Nathan Naidu, analysts\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/c72c27299c6cdc536c103ba6f16eecab\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo Tumbles Most in 3 Years After Scrapping CDR Listing Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-11 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00992":"联想集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-10-11/lenovo-tumbles-most-in-3-years-after-scrapping-cdr-listing-plan?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170936079","content_text":"Lenovo Group Ltd.plunged by the most in three years in Hong Kong trading after the world’s No. 1 personal computer maker withdrew a plan to list in mainland China just days after its application was accepted by regulators.\nShares of the Beijing-based tech giant dropped as much as 18% in Hong Kong trading on Monday, the most since October 2018. Lenovo, which first announced plans to list Chinese depositary receipts on Shanghai’s STAR market in January, said the validity of the information in its prospectus may have lapsed during the vetting process, according to afilingto the Hong Kong stock exchange.\nThe company also “thoroughly considered the relevant capital market conditions” as part of its decision to withdraw the listing, which would have been one of the largest since the inception of a trial program forCDRsin 2018.\nLenovo had sought to raise roughly 10 billion yuan ($1.55 billion) to fund artificial intelligence and cloud services projects as well as industrial investments. The stock had been among the best performers on the Hang Seng Technology Index this year prior to Monday’s slump, as investors bet that hardware makers and advanced tech companies will be relatively immune to China’s crackdown on its internet giants.\n“The withdrawal of the listing means that it would have to look for other fundraising alternatives,” said Justin Tang, the head of Asian Research at United First Partners in Singapore. “It might be that investors are concerned this could take the form of a dilutive rights issue.”\n\n Lenovo may pursue capital-raising alternatives after canceling plans to issue Chinese depositary receipts, as it seeks funding to double its research and development spending on digitalization, artificial intelligence and other initiatives. An equity raise still makes sense, as Lenovo remains committed to deleveraging after recently achieving investment-grade credit ratings.\n\n\n -- Matthew Kanterman and Nathan Naidu, analysts","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6159708,"gmtCreate":1633926841213,"gmtModify":1634716377129,"authorId":3577580458147788,"author":{"id":3577580458147788,"idStr":"3577580458147788","authorId":3577580458147788,"name":"fysx49","avatar":"https://static.tigerbbs.com/fe5937c0ada861e9603ef8a12ae3e445","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":828582870,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":106,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1170936079"}