Lenovo Chief Yuanqing Borrowed to Buy Company Stock

(Corrects spelling on Yuanqing in headline.)

Lenovo Group Ltd. (992) Chief Executive Officer Yang Yuanqing took on personal loans to buy company shares in June, Chairman Liu Chuanzhi said in a conference call today. Yang’s investment displayed his confidence in the company and “a long term mentality,” Liu said.

To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net

To contact the editor responsible for this story: Nicholas Wadhams at nwadhams@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.