Legend holdings also owns a private equity fund Hony Capital a venture capital firm Legend Capital and real estate firm Raycom has put aside 20 billion yaun (($3.2 billion) to give roots to its business in China. Chinese Academy of sciences hold 36 percent shares in Legend Holdings while China Oceanwide Holdings Group owns 20 percent. Since last month reports have been pouring in regarding Lenovo’s rise as a PC maker with the growth of 12.6% in net profit.
