tpg-cashes-in-70-million-worth-of-shares-in-lenovo

TPG cashes in $70 million worth of shares in Lenovo

TPG sells part of its holding at a tight discount following a jump of 50% in Lenovo's shares during the past six months.

Lillian Liu

February 25, 2010

TPG has raised HK$539.2 million ($69.5 million) by selling a portion of its existing shareholding in Lenovo. It's the second time the investment firm has reduced its holding in China's largest computer maker during the past six months, taking advantage of the strong momentum in the stock.

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