You are here

Google seeking to raise up to US$221m by selling Lenovo stock: IFR

23_05_2016 - LENOVO-RESULTS_.jpg
Google Inc is seeking to raise between US$218 million and US$221 million by selling shares in Chinese personal computer maker Lenovo , according to a deal term sheet seen by IFR on Wednesday.

[HONG KONG] Google Inc is seeking to raise between US$218 million and US$221 million by selling shares in Chinese personal computer maker Lenovo , according to a deal term sheet seen by IFR on Wednesday.

Google is offering 371 million Lenovo shares in the range of HK$4.56 to HK$4.62 per share, a discount of up to 4 per cent to the last traded price, the terms showed.

Morgan Stanley is sole bookrunner.

Representatives of Google and Lenovo were not available for immediate comment.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom