Special
Report:Global Financial
Crisis
BEIJING, Jan. 7 (Chinese media) -- China's Lenovo, the
world's fourth largest personal computer maker, suspended trading on the Hong
Kong stock market on Wednesday, amid speculation of an imminent restructuring.
The company was expected to restructure its
operations due to weak performance amid global slowdown, reported the "Caijing"
magazine website on Dec. 31, adding that a plan would be announced on Jan. 8.
It was understood the company would merge its Asia
Pacific operations with its Greater China and Russia operations, the website
reported, citing unnamed company officials.
Chen Shaopeng, Lenovo's president for the greater
China region, was expected to be appointed head of the new division, according
to the website.
Lenovo public relations manager Chen Ji told Chinese media
Wednesday he would not comment on the reports.
Lenovo reported weaker than expected results in the
fourth quarter of2008, with net income growth failing to meet analysts'
expectations.
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