Yang talks about buying Lenovo shares: Most of the money comes from debt

Lenovo Group CEO Yang Sina Science and technology news August 18 morning, Lenovo Group CEO Yang in the first quarter of the 2012 financial results of the communication meeting revealed that their purchase of nearly 800 million shares of the company's shares of most of the money from the debt, and bear the risk of huge repayment. In June this year, Lenovo announced that CEO Yang had bought 797 million shares of Lenovo Holdings from Lenovo, and that his own shares of Lenovo Group had increased by 8% to 8.7% per cent of the shares it had issued.　　The details of the deal were: the price per share was HK $3.95, and the transaction amounted to HK $3.15 billion (about $403.8 million). "The deal itself is a personal investment, but the decision to make this investment is based on my full confidence in the company's future," Yang said in a statement released at the time. "Yang made further disclosures on the deal in the first quarter of the 2012 financial year, following a number of media inquiries," he said.　　He revealed that most of the money he bought from nearly 800 million shares came from borrowing, and was saddled with the risk of a huge loan repayment, "I certainly don't have so much personal property."　　Yang declined to give more details, but stressed that he was confident of Lenovo's future development and was confident that its share price would continue to rise. Lenovo Group opened today at HK $5.040, followed by a slight downward trend in share prices. In the past 52 weeks, the highest price for the unit was HK $5.72 and the lowest price was HK $3.90. (Loliang)