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Lenovo narrows market gap with HP

The gap in market share between the computer manufacturers Hewlett-Packard Corp
and Lenovo Group Ltd has narrowed to 2 percent.

The company attributed its performance to a dramatic surge in sales of Internet
mobile devices and growth in mature markets. The company said sales revenue for
its Internet mobile devices, including tablet PCs and smartphones, grew 159 percent
year-on-year to $565 million between October and December.

Lanxess issues 500m yuan in 'dim sum' bonds

The German specialty chemicals company Lanxess AG announced on Thursday that
it will issue Chinese offshore renminbi-dominated bonds in Hong Kong worth 500
million yuan ($79.4 million) to build a new leather chemicals plant in Changzhou,
Jiangsu province and a new pigment plant.

According to the company's news release, the bonds have a yearly coupon of 3.95
percent and will begin trading next week. The bonds have been placed with
institutional investors in Asia and Europe.

LVMH fund buys stake in Chinese fashion brand

The Chinese investment company CITIC Group is joining with a private-equity fund
financed by the French luxury giant LVMH Moet Hennessy Louis Vuitton SA to buy a 10
percent stake in the Chinese fashion brand Ochirly.

L Capital Asia paid $200 million for the stake in Ochirly, a women's clothing company
that is valued at $2 billion and is considering listing on the Hong Kong or New York
stock exchange.

This is the first time the financial arm of LVMH has held a share in a Chinese
mainland company.

Analysts said the reported deal is notable for showing that an increasing amount of
international capital is being invested in the world's second-largest luxury market.

ChinaMarketResearch.com 2012-02-13
Subscribe to China Industrial Newsletter 2012
China industrial newsletter covers 18 major industries in China, including logistics,
medicine, chemistry, food and beverage, metal, building materials etc. All these
industrial news are selected from major industrial newspapers and magazines in
China. Detailed contents could be seen here.

* Industrial newsletter for year 2010, 2011 available.

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