Jan. 7 (Bloomberg) -- Lenovo Group Ltd., China’s biggest personal-computer maker, shares were suspended from trading in Hong Kong after Goldman Sachs Group Inc. said it expected the company to unveil a “major restructuring.”

The PC maker’s stock was halted from trading pending the release of “price-sensitive” information, Lenovo said today in a statement to Hong Kong’s stock exchange. The computer maker rose 12 percent yesterday, the biggest gain in more than three weeks.

Slowing consumer spending in the U.S., Europe and other markets is forcing the Chinese company that bought International Business Machines Corp.’s PC unit in 2005 to review its corporate structure, Goldman Sachs analysts including Donald Lu wrote in a note yesterday. Raleigh, North Carolina-based Lenovo may cut 200 jobs in Beijing and merge its Asia Pacific operations with those for China, Hong Kong, and Taiwan, Caijing magazine reported Dec. 31.

Lenovo cut jobs in the three months ended Sept. 30 and “will continue to take action to reduce costs,” Chief Financial Officer Wong Wai Ming said on Nov. 7.

The company, which reported a 78 percent decline in fiscal second-quarter profit after U.S. sales fell, incurred $24 million of “restructuring costs” in the three months through Sept. 30, including expenses related to the job reductions, Wong said.

Senior vice president Chen Shaopeng will head Lenovo’s merged Asia and China operations, Caijing magazine reported, without citing anyone. Chen had been in charge of operations in Greater China, which includes Hong Kong and Taiwan. The future of David Miller, president of the Asia Pacific region, is uncertain, the Beijing-based magazine said.

Lenovo is the world’s fourth-biggest PC maker by market share, after Hewlett-Packard Co., Dell Inc. and Acer Inc., according to Framingham, Massachusetts-based researcher IDC.

To contact the reporter on this story: Joost Akkermans in Hong Kong at jakkermans@bloomberg.netJohn Liu in Shanghai at jliu42@bloomberg.net

Last Updated: January 6, 2009 21:55 EST