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Article: LENOVO GROUP PLANS TO SET UP SUBSIDIARY IN JAPAN
- Article from:
- AsiaInfo Services
- Article date:
- January 5, 2005
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
01-05-2005
Lenovo Group Plans to Set Up Subsidiary in Japan
BEIJING, Jan 05, 2005 (SinoCast via COMTEX) -- Lenovo Group Limited (HKSE: 0992), the largest personal computer maker in China, announces that it plans to take over IBM's subsidiary in Japan and schedules to establish its own subsidiary in Japan in April 2005. Hiroyuki Mukai, head in charge of the PC unit of IBM Japan, is expected to be the president of proposed Lenovo Japan.
Lenovo Group paid USD 1.25 billion for the deal that it acquired the PC sector of IBM, the former world's third largestPC maker in December 2004, replacing the blue giant to hold thethird ...