Lenovo's parent weighs wider holdings

China Oceanwide Holdings Group Co. has agreed to buy a 29% stake in Legend Holdings Ltd. -parent company of computer manufacturer Lenovo Group Ltd.- for $404 million, paving the way for Legend to become a broader corporate investment holding company. Previously, Legend had stated it would invest $1.5 billion over the next five years in a variety of industries including financial services, consumer goods, and energy.