Legend spells out plan for new investment: parent of Lenovo to put $1.46 billion in energy, industries

Legend Holdings Ltd., parent company of computer manufacturer Lenovo Group Ltd., says it will invest 10 billion yuan over the next five years in clean energy, new materials, technology, financial services, and other industries related to domestic consumption in China. The announcement comes after Oceanwide Holding Group Co. acquired a 29% stake in Legend for 2.76 billion yuan. Legend has also plans to list its shares and become a private company.