Hony sells Lenovo Mobile
PRC-focused buyout firm Hony Capital will realize 2x the original investment it made in 2008 for the acquisition of Lenovo Mobile Communication Technology Ltd from its original parent and cornerstone investor Lenovo Group.
Lenovo, the fourth largest personal computer maker in the world, said that it paid $200 million in cash and stock to acquire its former mobile phone assets from Hony. The motive for the buyback of the...
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