Lenovo Announces $2 Billion Bonds Issuance to Saudi Wealth Fund Unit
Wednesday, 29 May 2024, 00:02
Lenovo to Issue $2 Billion Bonds to Saudi Wealth Fund Unit; Shares Slide
Lenovo has announced its decision to issue $2 billion bonds to a unit of the Saudi wealth fund, leading to a slide in its shares value. This move aims to strengthen Lenovo's financial position and expand its investment partnerships globally. However, the market has responded with caution, reflecting possible investor concerns and considerations.
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