Lenovo To Make $400 Million One-Off Charge On US Tax Reforms

www.oann.com | 4/21/2016 | Staff
Emzah92 (Posted by) Level 3
HONG KONG (Reuters) – Lenovo Group Ltd said on Wednesday it expected to make a one-off charge of $400 million for nine months ended in December due to a reassessment of U.S. deferred tax assets.

The adjustment to be reflected in the financial results is of a non-cash nature, and the company does not expect it to have any material effect on its operation...
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