Yang: Do not rule out continued mergers and acquisitions in global markets

Sina Science and technology news August 18 morning, Lenovo Group CEO Yang in the 2012 financial year first quarter earnings conference call, Lenovo Group will not rule out the future in the global market mergers and acquisitions activities. Lenovo Group today released its first-quarter results for fiscal year 2012.　　The report found that Lenovo Group in the first quarter to achieve sales of 5.92 billion U.S. dollars, compared with the same period last year, 5.15 billion U.S. dollar growth of 15%, net profit of 108 million U.S. dollars, compared with the same period last year, 54.86 million U.S. dollar rose 98%. In response to media-related mergers and acquisitions strategy, Yang said any companies that can push Lenovo's PC business to grow and that are reasonably priced do not rule out corporate mergers and acquisitions targets.　　He stressed that such mergers do not have regional restrictions, will not be limited to mature markets. In June this year, Lenovo announced a takeover of Germany's Medion company to expand its European market. During the quarter, Lenovo also completed a joint venture with NEC, which will occupy 25% per cent of the Japanese market. (Loliang)