Legend Holdings Reshapes Fruit Business Ownership to Prepare Joy Wing Mau for Capital Markets
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Legend Holdings Corporation has announced a restructuring of its fruit business ownership through equity repurchases and share transfers involving its subsidiaries Joyvio and Joy Wing Mau. Joy Wing Mau is repurchasing a 14.13% stake, while Joyvio Agricultural Investment will increase its holding to 44.32%. Additionally, Joyvio Industrial Development will acquire 10.6448% in Bountifresh, raising its stake to 76.01%. This restructuring aims to align management incentives with performance and prepare for potential future capital market listings. The current analyst rating for Legend Holdings stock is a Hold with a price target of HK$8.50.
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