On June 23, Lenovo Group declined 3.18% in regular trading, trading at HKD 22.58 per share, with turnover of HKD 2.002 billion.

The decline comes as the market continues to digest the company's announcement of a USD 2 billion zero-coupon convertible bond due 2033, with an initial conversion price of HKD 36.70 per share. If fully converted, the bonds would dilute existing equity by approximately 3.33%. Concurrently, the company plans to repurchase its outstanding USD 675 million 2.50% convertible bonds due 2029 at 293.2% of par value and intends to conduct on-market share buybacks to offset dilution.

The stock had previously rallied over 13% on favorable IDC server data, with year-to-date gains exceeding 170%, intensifying profit-taking pressure. Additionally, the broader Technology Hardware sector saw broad weakness, with peers including Xiaomi down 4.64%, Huaqin down 5.37%, and Legend Holdings down 5.40%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)