Yang to reduce Lenovo stock

Yesterday, according to the latest data from HKEx, Lenovo Group chairman and CEO Yang, in the recent Hong Kong stock trading days, a sharp reduction of more than 20 million shares of Lenovo, a set of about HK $260 million.

According to the HKEx, on March 2 this year, he 4.658 million shares of the company, set up 56.1289 million Hong Kong dollars, March 3, the reduction of the company 7 million shares, set up now 83.23 million Hong Kong dollars, March 5, through their own company sureinvestholdings in the field to reduce the company 10 million shares, set now 120 million Hong Kong dollars.

After the reduction, Yang still holds about 740 million shares of Lenovo, with a stake of 6.66%, still the largest individual shareholder.

According to analysis, Yang Large holdings of cash, may still to repay the loan. In June 2011, Yang invested HK $3.15 billion in 8% Lenovo shares, most of which came from a private loan from Lenovo Holdings, the parent company of Lenovo Group, and with the company's chairman in November, it was understood that he was using the loan holdings to show confidence in Lenovo. Since then, he has also repeatedly reduced the number of Lenovo shares to repay huge sums of money.