The Chinese Academy of Sciences Holding Company owns 65% of Legend, the investment holdings company who funded the creation of Lenovo, and is looking to sell the majority of that stake.

They are looking to sell 29% of their stake in Legend, and might take it even lower after 2010. For those unfamiliar with the Chinese Academy of Sciences, it is a national academy for natural sciences in China and is responsible for the creation or investment in hundreds of corporations, including Lenovo.

It is unclear whether this is in response to their own economic needs or Lenovo’s poor fiscal performance, but this could open up good or bad doors for our troubled ThinkPad maker.

Source: [The Register]