Lexmark’s parent to raise more funds

Art PostAdmin VIP

Lexmark’s parent to raise more funds

Ninestar Corp. of China, which owns Lexmark, announced it intends to issue $290 million worth of convertible bonds

Funds will be used to “promote Lexmark’s development and enhance its profitability”
“A major breakthrough has been made in the enterprise-level strategic partner cooperation business”
- (this may be in regards to Xerox now relabeling Lexmark-made devices)

1/10/228:36 PM

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Lexmark’s parent to raise more funds

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