Lenovo Group (HK:0992) has released an update.
Lenovo Group Limited has announced a strategic collaboration with Alat, a subsidiary of Saudi Arabia’s Public Investment Fund, to expand its business and establish new headquarters and a manufacturing facility in the MEA region. The partnership is expected to enhance Lenovo’s global supply chain and accelerate its transformation into a services-led business. Alongside the collaboration, Lenovo will issue $2 billion in zero-coupon convertible bonds to Alat to support debt repayment and general corporate needs.
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