The deals are currently undergoing approval by
U.S. and Chinese regulators.
"Both deals are under the approval process in the two countries
and they are progressing," Yang said at Lenovo's annual general
meeting in Hong Kong.
"We hope to complete the two deals by year-end," he said. "The
U.S. government...and U.S. Army are all our clients. There has
been no issue and we will keep this tradition."
Last week, the Wall Street Journal reported that the $2.3
billion IBM deal was in limbo while the U.S. government
investigated national security issues.
The January announcement for the acquisition came nearly a
decade after Lenovo bought IBM's money-losing ThinkPad business
for $1.75 billion, which had also faced scrutiny.
Tensions between the United States and China over cybersecurity
issues have reached new highs since the U.S. Department of
Justice charged five Chinese military officials with hacking the
systems of U.S. companies to steal trade secrets in May. China
denies the charges and has in turn accused Washington of massive
(Reporting by Clare Jim; Writing by Paul Carsten; Editing by
Paul Tait and Matt Driskill)
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