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June 2, 2016

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Google sells Lenovo shares

GOOGLE Inc is seeking to raise between US$218 million and US$221 million by selling shares in personal computer maker Lenovo, according to a deal term sheet seen by IFR yesterday.

Google is offering 371 million Lenovo shares between HK$4.56 (59 US cents) and HK$4.62 each, a discount of up to 4 percent to the last traded price, the terms showed.

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