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How to say it, that is, Legend Holdings **** controls the shares of Lenovo Group, and of course Lenovo Group also controls other companies. The Group is a subsidiary of Legend Holdings. The shares are basically in Legend Holdings.
The task of the holding company is to acquire, or venture capital in some subsidiaries, depending on the return on investment of the enterprise and choose, "Win in China" is not to find venture capital to invest in itself?
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Lenovo Group is itself a subsidiary.
Legend Holdings has five subsidiaries: Lenovo Group, Digital China, Legend Investment, Rongke Land and Hony Capital.
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The top ten shareholders of Lenovo Group are as follows:
1.Chinese Academy of Sciences Holdings****, shareholding ratio.
2.Beijing Lianzhi Zhiyuan Management Consulting Center, shareholding ratio.
3.Liu Chuanzhi holds 18% of the shares
4.China Oceanwide Holding Group ****, shareholding ratio.
5.Beijing Lianheng Yongxin Investment Center, shareholding ratio.
6.Zhu Linan, shareholding ratio.
7.Ning Min, shareholding ratio.
8.Huang Shaokang, shareholding ratio.
9.Chen Shaopeng, shareholding ratio.
10.Tang Xudong, shareholding ratio.
Extended Information] Legend Holdings' current major shareholder:
1.CAS Holdings: CAS Holdings has always belonged to the Chinese Academy of Sciences and is the largest shareholder of Legend Holdings.
2.Lianzhi Zhiyuan and Lianheng Yongxin, both of which are the employee stock ownership platforms of Lian Holdings, originated from the United Holdings Employee Stock Ownership Association established in 2001, and the shareholders are more than 600 veteran employees of Legend Holdings.
3.Oceanwide Holdings, in 2009, CAS Holdings publicly listed and transferred the equity of Legend Holdings, introducing a strategic investor, Oceanwide Holdings.
4.Wang Yusuo, in January 2019, Legend Holdings introduced Wang Yusuo, the actual controller of China's natural gas king ENN Energy, to Lianheng Yongxin to ENN International **54.09 million shares, ** Hong Kong dollars per share, with a total consideration of 100 million Hong Kong dollars.
5.Liu Chuanzhi and other executives held shares, and in December 2011, Oceanwide Holdings transferred the controlling stake of Lian to Liu Chuanzhi 5 natural persons.
Analysis of the change of the controlling stake of the United States in the future:
CAS Holdings: CAS Holdings is the largest shareholder of Joint Holdings, and the main investor of Legend Holdings' three major investment platforms, and the second largest shareholder of Lianhong Xinke created by Legend Holdings. Judging from the explanation of the transfer of 29% of the equity of Legend Holdings by CAS Holdings in 2009, CAS Holdings does not seek a controlling stake in Legend Holdings, but only serves as the largest shareholder of Long-term support for the development of Liankong Holdings.
Lianzhi Zhiyuan and Lianheng Yongxin: The shareholders of Lianzhi Zhiyuan and Lianheng Yongxin are hundreds of old employees of Legend Holdings, holding hundreds of thousands of shares. Lenovo was founded in 1984 has been 37 years, Legend Holdings has a considerable number of old employees have long since retired, or resigned, or even passed away, some people due to life needs have a strong demand for the holding of the United controlling stake to realize, long-term joint Zhiyuan and Lianheng Yongxin centralized management of hundreds of joint control of the old employees of the equity is not very suitable.
In the future, the two major employee stock ownership platforms are expected to split and transfer the joint control employee stock ownership in batches. Considering the liquidity and low price of the joint holdings, the transfer will be realized mainly through the introduction of strategic investors at a premium.
Oceanwide Holdings, Oceanwide Holdings, due to debt pressure, should have a strong need to transfer the controlling stake of the United Holdings, the same is the liquidity of Hong Kong stocks and the low price of the United Holdings, Oceanwide Holdings such a large equity wants to complete the realization in the short term can only be through the introduction of strategic investors at a premium.
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Legend Holdings is the holding parent company of Lenovo Group, and Legend Holdings literally means the parent company that holds a certain proportion of shares of Lenovo Group, and Lenovo Group is the holding subsidiary.
Let's talk about the differences between Legend Holdings and Legend Group in detail.
1. Different scales: Lenovo Group is a subsidiary of Legend Holdings, which also includes Car Inc., China's leading Internet financial service company Lakala, China's largest private dental service chain brand Baibo Dentistry, and China's largest fruit industry chain company Jiawo Xin Rongmao.
2. Different business scopes: Lenovo Group is mainly engaged in desktop computers, servers, laptops, smart TVs, printers, handheld computers, motherboards, mobile phones, all-in-one computers and other goods. Legend Holdings' business scope also includes:
Project investment, investment management, asset management, economic consulting, enterprise management consulting and other businesses.
3. The listing time is different: Lenovo Group was listed on the Hong Kong ** Stock Exchange in 1994, and Legend Holdings was listed at the end of June 2015.
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The former is the parent company of the latter.
In addition to the latter's PC, mobile phone, server, etc., its business also includes strategic investment businesses such as agriculture, finance, modern services, chemicals and new materials, angel investment, venture capital and equity investment and other financial investment businesses, while the former consolidated the latter's statements in its financial report, and the latter accounted for 94% of its total revenue.
Usually, for this kind of parent-subsidiary listing at the same time, investors will give the subsidiary a higher valuation, because the subsidiary may be more focused and more efficient in management, which often also means a better return on investment.
However, this situation temporarily presents the opposite situation in the relationship between Legend Holdings and Lenovo Group: Legend Holdings currently has a market capitalization of $13 billion, and Lenovo Group is $14.8 billion, with the former trading at multiple P/E and the latter less than 18 times.
There will be a strong positive correlation between the performance of the two companies for a long time to come, as Legend Holdings' other strategic businesses are still in their infancy, and Lenovo Group plays a major driving force in their performance.
However, in the long run, Legend Holdings may gradually get rid of the influence of Lenovo Group, and the new strategic business in the growth may bring higher revenue and earnings growth, while the financial investment business will provide higher flexibility and imagination, but it may also mean higher risk, thus depressing valuations.
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Lenovo is a Chinese company.
Lenovo Group is a large-scale enterprise group with diversified development in the information industry in China with an investment of 200,000 yuan and 11 scientific and technological personnel invested by the Institute of Computing Technology of the Chinese Academy of Sciences in 1984.
In 2013, it was awarded the 2013 Top 500 Chinese Brands and the 329th Global Enterprise jointly released by the China Brand Value Research Institute, the National Research Committee and Focus China.com. In August 2016, the All-China Federation of Industry and Commerce released the list of "2016 China's Top 500 Private Enterprises", and Lenovo ranked fourth.
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The first shareholder: the Chinese Academy of Sciences State-owned Assets Management Co., Ltd. holds the shares, the second shareholder: Beijing Lianzhi Zhiyuan Management Consulting holds the shares, and the third shareholder:
China Oceanwide Holding Group holds shares, the fourth shareholder: Beijing Lianheng Xinxin Investment Center holds shares, and the fifth shareholder: Liu Chuanzhi holds shares, so from the perspective of equity structure, Lenovo is still a Chinese company.
Extended information: Lenovo Group, founded by 11 scientific and technological personnel with an investment of 200,000 yuan by the Institute of Computing Technology of the Chinese Academy of Sciences in 1984, is a large-scale enterprise group with diversified development in the information industry in China, and an innovative international technology company.
Since 1996, Lenovo's computer sales have ranked first in China's domestic market; As a leader in the global computer market, Lenovo develops, manufactures, and markets reliable, secure, easy-to-use technology products and professional services that help customers and partners around the world succeed. Lenovo mainly produces desktop computers, servers, laptops, smart TVs, printers, handheld computers, motherboards, mobile phones, all-in-one computers and other goods.
In 2005, Lenovo Group acquired the IBM PC (Personal Computer) division; In 2013, Lenovo's computer sales rose to the world's first, becoming the world's largest PC manufacturer. In October 2014, Lenovo announced that the company had completed the acquisition of Motorola Mobility.
Since April 1, 2014, Lenovo Group has established four new and relatively independent business groups, namely PC Business Group, Mobile Business Group, Enterprise Business Group, and Cloud Service Business Group.
In August 2016, the All-China Federation of Industry and Commerce released the list of "2016 China's Top 500 Private Enterprises", and Lenovo ranked fourth.
In July 2019, the 2019 Fortune Global 500 was released: ranked 212th.
In September 2019, the 2019 Top 500 Chinese Manufacturing Enterprises were released, and Lenovo Group ranked 16th.
In October 2019, it ranked 89th on the 2019 Forbes Global Digital Economy 100 list.
As of November 1, 2019, Lenovo's 35th anniversary, Lenovo's annual revenue exceeded 350 billion yuan. On November 2, the Lenovo Future Center, which took two years to build and a total area of 6,500 square meters, opened its doors. On December 18, People** released the 100 list of China's Brand Development Index, and Lenovo Group ranked 16th.
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<> Lenovo is a world-renowned computer and electronics manufacturer, founded in 1984 and headquartered in Beijing, China. Lenovo's product line covers PCs, laptops, tablets, smartphones, servers, storage devices, etc., and is one of the largest computer manufacturers in China, while also holding an important market position in the world.
As a leading computer brand in China, Lenovo has always focused on technological innovation and product quality, and is committed to providing efficient, stable and reasonable computer and electronic products for global users. Among them, the ThinkPad series of laptops are widely regarded as Lenovo's representative products, with a distinctive black shell and red contact pointing lever, which are well received by professionals and business users.
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