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992 - Lenovo News Story

HK$4.71 0.0  0.9%

Last Trade - 9:08am

Sector
Technology
Size
Large Cap
Market Cap £5.53bn
Enterprise Value £7.83bn
Revenue £38.74bn
Position in Universe 230th / 5990

BRIEF-Lenovo chairman says mitigating coronavirus impact by increasing overseas production

Thu 20th February, 2020 7:08am
Feb 20 (Reuters) - Lenovo Group Ltd  0992.HK :
    * LENOVO’S CHAIRMAN SAYS COMPANY IS MITIGATING CORONAVIRUS
IMPACT
ON SUPPLY CHAIN BY INCREASING PRODUCTION AT OVERSEAS FACILITIES
LIKE BRAZIL
    * LENOVO'S CHAIRMAN SAYS FACTORIES IN WUHAN AND CHENGDU
REMAIN
SHUT DUE TO THE CORONAVIRUS
    * LENOVO'S CHAIRMAN SAYS CONFIDENT PRODUCTION RESUMPTION AT
SHENZHEN FACTORY WILL REACH 100% BY END-FEB, HEFEI FACTORY WILL
REACH 70%
    * LENOVO’S CHAIRMAN SAYS CORONAVIRUS WILL IMPACT CHINA
DEMAND IN
CURRENT QUARTER “FOR SURE”
    * LENOVO’S CHAIRMAN SAYS OPTIMISTIC THAT FIRM CAN RESUME
FULLY
PRODUCTION BY END-MARCH
    * LENOVO’S CHAIRMAN SAYS NOT WORRIED ABOUT SUPPLY CHAIN
DISRUPTIONS' IMPACT ON PC’S MARGINS

Further company coverage:  0992.HK 

 (Reporting by Brenda Goh)
 ((brenda.goh@thomsonreuters.com;))
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