After coming up with US$1.25 billion to buy IBM's global PC business last December, Lenovo Group will take over IBM Japan and formally set up its own Japanese subsidiary in April this year.

Hiroyuki Mukai, manager of IBM Japan's PC division, is expected to take the post as president of Levono's Japanese subsidiary.

After buying IBM's PC business, Lenovo has been steadily implementing its international strategy. Some media once reported that Lenovo might enter the PC markets in New Zealand and Australia as early as the second quarter of this year. It would promote its own brand of PC and notebooks in New Zealand and Australia while at the same time selling IBM branded computers to local corporate users.

(China News Service January 6, 2005)