Updated Tuesday, November 3, 2009 11:06 am TWN, Bloomberg

SJI surges on report China's Legend may take stake

TOKYO -- SJI Inc. surged by the daily limit in Tokyo trading after a Nikkei report said China's Legend Holdings Ltd. may take a stake in the Japanese computer system and software developer. The shares rose 11 percent to 29,990 yen shortly before the 11 a.m. break on the Jasdaq exchange, the biggest gain since July 27. Trading of the stock was suspended after Nikkei English News reported that Beijing-based Legend, the controlling shareholder of Lenovo Group Ltd., will invest about 5 billion yen (US$56 million) for a 40 percent stake of SJI.

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