Lenovo shareholders sell $201 mln in shares – IFR

HONG KONG, Nov 15 (BestGrowthStock) – Buyout firms TPG Inc [TPG.UL]
and General Atlantic are selling down a $201 million stake in the
world’s No. 4 PC brand Lenovo (0992.HK: ), IFR reported on Monday.

The two stakeholders were selling 283 million shares at a
discount of between zero percent and 1.43 percent to the last
closing price of HK$5.53, the report said.

Nomura was sole bookrunner on the total fundraising of
HK$1.56 billion ($201 million).
(Reporting by Michael Smith; Editing by Jacqueline Wong)

Lenovo shareholders sell $201 mln in shares – IFR