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BUSINESS & TECH

PC-Maker Logs Out of Lenovo Joint Venture

A man uses his laptop next to Lenovo's logos during the Mobile World Congress in Barcelona, Spain February 25, 2016.  Photo: VCG
A man uses his laptop next to Lenovo's logos during the Mobile World Congress in Barcelona, Spain February 25, 2016. Photo: VCG

Compal Electronics Inc., one of the world’s largest personal-computer (PC) contract manufacturers, has disposed of its stake in a joint venture with Lenovo Group Ltd., cashing out with a gain of NT$2.58 billion ($84.2 million) as it looks to increase profitability.

The Taipei-based company, which counts Dell Inc. and Acer Inc. as clients and also assembles iPads and Apple Watches, is selling its 49% stake in Lienpal (Hefei) Ltd. for $257 million, Compal said in a statement Tuesday.

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