# Xinrongmao

Lenovo Puts RMB1.6bn on the Table to Force Xinrongmao’s IPO — A High‑Stakes Bet on China’s Fruit Supply Chain

Lenovo has invested about RMB1.617 billion to clear dissenting shareholders and force Xinrongmao, China’s largest high‑end fruit supplier, toward a Hong Kong IPO, attaching a strict 2027 listing deadline and a contingent buyback at a RMB5 billion valuation. The move reflects Lenovo’s need for a clean agricultural flagship after losses elsewhere, but it puts Xinrongmao under intense pressure to convince public markets it can turn heavy scale into durable profits.