NEC refused financial assistance to Lenovo

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POSTER: computer news   ||   NEC REFUSED FINANCIAL ASSISTANCE TO LENOVO	DATE:2012-09-05
In January last year, the Japanese company NEC and China's Lenovo launched a joint venture to build and sales personal computers in Japan.  Thus, NEC company received access to cheap component parts, and Lenovo company  - the ability to sell hardware in Japan under the guise of Japanese assembly, good company NEC has an extensive sale network in the country  .  In a joint venture company Lenovo has received a leading share of 51%, and the remaining 49% are owned by NEC.  Under the agreement, NEC bought 281 million shares of the Chinese manufacturer for an amount of $ 175 million .    But now NEC is not strategic investments.  Since last year, the famous Japanese brand is suffering huge losses. At the end of fiscal year 2011, for example, the net NEC loss was $  1.4 billion in such a situation, the company is looking for any opportunity to get hold of cash.  Therefore, NEC started an operation to sell shares of Lenovo.  Note, Lenovo could impede the movement of funds, since NEC contract should not sell securities partner in two years after the transaction.  But China has entered the position of fellow business and allowed to get rid of previously purchased shares.  Stake in NEC Lenovo acquired some Japanese brokerage firm for an amount of U.S. $ 230 million, so that the NEC has earned a little bit on the operation. Despite the cancellation of direct financial participation in the share of NEC Lenovo both companies will retain the joint venture without changes.  I must say that this joint venture is the largest PC manufacturer in Japan, occupying 25% of the local market.  In second place in Japan, we note Fujitsu company  , which owns 15% of the Japanese PC market.   Related Products :

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