Lenovo holdings issued a statement on its intranet: in 2009, the transfer of 29% equity of Lenovo holdings was legal and in accordance with regulations

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On December 10, Lenovo holdings issued a statement on the intranet today in response to matters related to equity transfer. Lenovo Holdings said in a statement that in 2009, in accordance with the relevant provisions on the transaction of state-owned assets of enterprises, Chinese Academy of Sciences Holdings Co., Ltd. transferred 29% of the equity of Lenovo holdings through public listing and trading in Beijing property exchange. This transfer has been audited, evaluated and filed in strict accordance with the relevant requirements of state-owned asset property right transaction.
Lenovo Holdings said that the book value of the owner’s equity attributable to the parent company of Lenovo holdings was 7.72 billion yuan and the assessed value was 9.26 billion yuan. In this transaction, Lenovo Holdings’ owner’s equity premium attributable to the parent company reached 9.5 billion yuan, and the corresponding 29% equity transaction price was 2.755 billion yuan.
The following is the full text of the statement:
The following facts have been confirmed with the Chinese Academy of Sciences Holding Co., Ltd.
In August 2004, in accordance with the requirements of the CPC Central Committee on “vigorously developing the mixed ownership economy with the participation of state-owned capital, collective capital and non-public capital and realizing the diversification of investors”, in order to accelerate the large-scale development of high-tech industry, CAS made the decision to accelerate the equity socialization reform of enterprises invested by CAS.
In 2009, in accordance with the relevant provisions on the transaction of state-owned assets of enterprises, Chinese Academy of Sciences Holdings Co., Ltd. transferred 29% of the equity of Lenovo holdings through public listing and trading in Beijing property exchange. This transfer has been audited, evaluated and filed in strict accordance with the relevant requirements of state-owned asset property right transaction.
The book value of the owner’s equity of Lenovo holdings attributable to the parent company is 7.72 billion yuan and the assessed value is 9.26 billion yuan. In this transaction, Lenovo Holdings’ owner’s equity premium attributable to the parent company reached 9.5 billion yuan, and the corresponding 29% equity transaction price was 2.755 billion yuan.
This equity transfer has realized the preservation and appreciation of state-owned assets, and no objection has been raised in previous central inspections and audits by the National Audit Office.