BEIJING, June 15-- Legend Holdings Corp., parent company of the world's largest PC maker Lenovo, said it will raise up to 1.94 billion U.S. dollars in an IPO scheduled on June 29 on the Hong Kong Stock Exchange on Monday.
Other than being the largest shareholder of PC and smartphone maker Lenovo Group, Legend Holdings Corp. has also invested in real estate, finance, agriculture, services and chemicals.
The Beijing-based investment company aims to sell a total of 35,294 million shares at a price range between 39.8 to 43 HK dollars, the company said in a press release on Monday.
Legend Holdings said it will use more than half of the funding raised in the IPO to boost strategic investments and acquisitions in consumer and service-related sectors.
The company was founded in 1984 by its current chairman Liu Chuanzhi and 10 other researchers with 200,000 yuan from the government think tank Chinese Academy of Sciences. It has a 30.6 percent stake in Lenovo Group, which is the largest PC maker and third largest smartphone company, according to IDC.
The company also runs venture capital fund Legend Capital and private equity firm Hony Capital, which acquired U.K. pizza chain Pizza Express for 900 million pounds last year.
Legend Holdings also has stakes in Hong Kong-listed car rental firm CAR, fruit producer Joyvio, dental chain Bybo, among other business ventures.
Abandoned village swallowed by nature
Graduation: the time to show beauty in strength
School life of students in a military college
Top 16 Chinese cities with the best air quality in 2014
Mysterious “sky road” in Mount Dawagengzha
Students with Weifang Medical University take graduation photos
PLA soldiers conduct 10-kilometer long range raid
Stars who aced national exams
PLA helicopters travel 2,000 kilometers in maneuver drill
Hillary’s speech offers clue to Sino-US ties
'Smile diary' helps mother cope with son's leukemia 
Make me a genius
Weak yen weighing on China’s exportsDay|Week
