HONG KONG - Thursday, February 7th
2013 [ME NewsWire]
(BUSINESS WIRE/ME
NewsWire)-- The Hang Seng Indexes Company today announced that Lenovo (HKSE:
0992) (PINK SHEETS: LNVGY) will be included as a constituent stock of its Hang
Seng Index. This selection positions Lenovo among the "blue chip” companies
listed on the Hong Kong Stock Exchange and represents significant market
recognition of Lenovo’s leadership position in the global IT industry.
It is also significant because it
broadens the group of shareholders that will consider owning Lenovo’s stock to
include funds whose investments must mirror the Hang Seng Index or pension
funds whose investment committees look for index inclusion as an investment
criterion. Finally it reflects recognition from a respected 3rd party of
Lenovo’s strong, consistent financial performance, outstanding management and
its strong future growth prospects.
"We are very pleased today that
Lenovo has been included as one of the constituent stocks of Hang Seng Index,”
said Yang Yuanqing, chairman and CEO, Lenovo Group. "This news comes following
another record quarter reported last week, that demonstrated Lenovo's ability
to consistently drive growth, improve profitability and establish itself as one
of the leading global technology companies. Not only have we become a global PC
market leader, but we are also now recognized as a leading innovator defining
the PC Plus era."
Lenovo has reported its best quarter
ever last week, in which it has continued to outgrow the market in all
geographies with record sales, earnings and global PC market share. The company
delivered another quarterly sales record of $9.4 billion, a 12 percent
year-over-year increase, while it has been the fastest growing major PC company
for 13 straight quarters.
Lenovo has built momentum towards
being the world’s leading PC maker while at the same time rapidly expanding its
PC Plus footprint – including smartphones, tablets and smart TVs that will
drive future growth. At the same time, Lenovo was also recognized by IDC as the
world’s third-largest maker of "smart connected devices," such as
tablets, PCs and smartphones. Last quarter, Lenovo’s Mobile Internet and Digital
Home business contributed 11 percent of global revenue – a record high and
strong indicator that the company is delivering strong growth in the PC Plus
market.
"The market has clearly demonstrated
confidence in Lenovo's ability to meet its commitments, maintain steady growth
in a tough environment and execute a strategy that not only delivers strong
short-term results, but also lays a solid foundation for our long-term
performance. We are very proud that the Hang Seng Index has recognized this
performance and are confident we can continue to deliver outstanding results,
profitable growth and sustainable, long-term returns for our
shareholders," Yang continued.
ABOUT LENOVO
Lenovo (HKSE: 0992) (PINK SHEETS:
LNVGY) is a US$30 billion personal technology company – the second largest PC
maker in the world and an emerging PC Plus leader – serving customers in more
than 160 countries. Dedicated to building exceptionally engineered PCs and
mobile internet devices, Lenovo’s business is built on product innovation, a
highly-efficient global supply chain and strong strategic execution. Formed by
Lenovo Group’s acquisition of the former IBM Personal Computing Division, the
Company develops, manufactures and markets reliable, high-quality, secure and
easy-to-use technology products and services. Its product lines include
legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well
as servers, workstations, and a family of mobile internet devices, including
tablets and smart phones. Lenovo, a global Fortune 500 company, has major
research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and
Raleigh, North Carolina. For more information see www.lenovo.com.
Contacts
Lenovo
Hong Kong
Angela Lee
+852 2516 4810
angelalee@lenovo.com
U.S.
Brion Tingler
+1-917-528-1992
btingler@lenovo.com
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