制研价货易上孝 金融英语阅读 Cloze Huge computer merger drags on Wen Dao 2004-12-0706:05(China Daily12/07/2004page10) The largest merger deal in China's computer industry drags on,as the country's biggest computer maker Lenovo Group halted the trading of its stocks on the Hong Kong Stock Exchange.1 Hong Kong-listed Lenovo asked the Hong Kong Stock Exchange yesterday morning to halt transactions of its stocks,because it would make an announcement containing price-sensitive deals.2 A Lenovo spokeswoman declined to specify when the statement will be made, only saying the company would follow the rules of the securities regulatory authorities.She also refused to say what the statement will contain. 3 The production base,named International Information Product(Shenzhen)Co Ltd (IIPC),is a joint venture between IBM and its long-time partner China Great Wall Group Corp,with IBM holding 80 per cent of the stakes.IIPC is IBM's most important notebook computer production base worldwide and houses its biggest Intel-architecture computer server production facility in the Asia-Pacific region. Sources close to Great Wall Group said yesterday the Chinese company agreed to sell IIPC's 20 per cent of the stakes in its hand to Lenovo,mainly under the request from IBM.Great Wall's chairman Chen Zhaoxiong said recently 4 ne previous pillar of Great Wall Group's business was the original equipment manufacturing(OEM)business to IBM.The Chinese company opened a US$280-million chip assembly and testing plant in Shenzhen,which was believed to be the beginning of its industrial restructuring. For Lenovo,the acquisition of IIPC will greatly elevate Lenovo's manufacturing and design capability,according to Huang Yong,a senior industry analyst with the domestic research firm.5 With IBM's reputation and tech-nological design capability in IIPC,Lenovo has a much larger chance to expand overseas,said Huang.The expertise of IIPC in OEM can also help Lenovo open another business line. Lenovo,the largest PC maker in China,has some difficulties in further expanding or even maintaining its market share due to fierce competition.As its expansion in mobile phone manufacturing and IT services are far from the company's expectations,OEM business can diversify Lenovo's business line. 第2页共4页金融英语阅读 第 2 页 共 4 页 Cloze Huge computer merger drags on Wen Dao 2004-12-07 06:05(China Daily 12/07/2004 page10) The largest merger deal in China's computer industry drags on, as the country's biggest computer maker Lenovo Group halted the trading of its stocks on the Hong Kong Stock Exchange. 1_______________ Hong Kong-listed Lenovo asked the Hong Kong Stock Exchange yesterday morning to halt transactions of its stocks, because it would make an announcement containing price-sensitive deals. 2_______________ A Lenovo spokeswoman declined to specify when the statement will be made, only saying the company would follow the rules of the securities regulatory authorities. She also refused to say what the statement will contain. 3_______________ The production base, named International Information Product (Shenzhen) Co Ltd (IIPC), is a joint venture between IBM and its long-time partner China Great Wall Group Corp, with IBM holding 80 per cent of the stakes. IIPC is IBM's most important notebook computer production base worldwide and houses its biggest Intel-architecture computer server production facility in the Asia-Pacific region. Sources close to Great Wall Group said yesterday the Chinese company agreed to sell IIPC's 20 per cent of the stakes in its hand to Lenovo, mainly under the request from IBM. Great Wall's chairman Chen Zhaoxiong said recently 4_______________ ne previous pillar of Great Wall Group's business was the original equipment manufacturing (OEM) business to IBM. The Chinese company opened a US$280-million chip assembly and testing plant in Shenzhen, which was believed to be the beginning of its industrial restructuring. For Lenovo, the acquisition of IIPC will greatly elevate Lenovo's manufacturing and design capability, according to Huang Yong, a senior industry analyst with the domestic research firm. 5_______________ With IBM's reputation and tech-nological design capability in IIPC, Lenovo has a much larger chance to expand overseas, said Huang. The expertise of IIPC in OEM can also help Lenovo open another business line. Lenovo, the largest PC maker in China, has some difficulties in further expanding or even maintaining its market share due to fierce competition. As its expansion in mobile phone manufacturing and IT services are far from the company's expectations, OEM business can diversify Lenovo's business line