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 or cash-flow position, the PC maker said in a filing to the Hong Kong bourse.
Lenovo, a unit of Legend Holdings, said U.S. corporate tax cuts would "positively impact" future earnings of its U.S. operations in the long-term.Lenovo will announce third-quarter results on Feb. 1.Tax reforms signed into law in December lower the income tax rate for U.S. companies to 21 percent from 35 percent. (Reporting by Donny Kwok; Editing by Stephen Coates)Lenovo to make $400 million one-off charge on U.S. tax reforms
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Gleb Garanich