Lenovo share dealing suspended as IBM speculation mounts
Chinese manufacturer Lenovo halted trading of its shares on the Hong Kong stock exchange this morning as the company is set to announce ‘price sensitive information’, according to the Chinese website Pacific Epoch.
The speculation is that the announcement will be in connection with the rumours sweeping the industry about a possible deal to buy IBM’s Personal Systems Division.
Another Chinese company, Great Wall Computer, which already has a joint venture with IBM, has also suspended trading. Sources close to Great Wall said that it too would be making an announcement regarding an exchange of assets.