Local Tech Wire

MORRISVILLE, N.C. – Lenovo Group, the China-based parent of , continues to buy back shares on the Hong Kong stock exchange.

The Xinhua news service reported Monday that Lenovo Group bought back 1.44 million shares. Lenovo Group paid $6.45 million in Hong Kong dollars for the shares.

Hong Kong dollars are worth some 14 cents in American currency.
Lenovo Group shares trade around 50 cents U.S.

Last week, Lenovo Group bought back 6.7 million shares in one round and 5.41 million shares in an earlier round. On July 2, Lenovo Group bought 10 million shares and on June 21 another 2.3 million shares were acquired, Xinhua reported.

Lenovo, the world’s No. 4 PC maker, bases its global headquarters in Morrisville.

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