Companies remain close partners despite IBM's sale of 300 million shares in Lenovo Shares in Lenovo Group resumed trading on Wednesday, after being temporarily suspended due to the sale of 300 million shares by IBM, the PC company’s second-largest shareholder.In a filing to the Hong Kong stock exchange, Lenovo said IBM was expected to complete the sale of the shares today at a price of HK$3.20 (US$0.41) per share — a discount of 7 percent to the share’s closing price on Monday and the same price of the shares when trading was suspended at Lenovo’s request on Tuesday.Lenovo’s shares were trading at HK$3.23 on Wednesday morning, local time. The shares sold by IBM represent 3.5 percent of Lenovo’s outstanding shares and are worth HK$960 million. The sale reduces IBM’s share in Lenovo from 14.7 percent to 11.3 percent. IBM remains the company’s second-largest shareholder behind parent company Legend Holdings Ltd.The sale of shares by IBM will boost the percentage of Lenovo’s stock held by public investors from 34.2 percent to 36.7 percent, the filing said. Legend Holdings’ stake will also increase from 41.9 percent to 42.4 percent, it said.IBM has steadily been selling down its stake in Lenovo, which acquired IBM’s PC division in 2005. Despite the sale of shares, the two companies remain close partners. On Tuesday, Lenovo announced an end-user services agreement with IBM that could be worth $245 million in revenue for IBM over the next five years. Technology Industry