--- title: "Legend Holdings to Sell Entire 11.29% Stake in SSE-Listed Company for RMB2.72 Billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/282115527.md" description: "Legend Holdings Corporation has agreed to sell its entire 11.29% stake in a Shanghai Stock Exchange-listed company to China Logistics Capital for approximately RMB2.72 billion. The sale, priced at RMB15.156 per share, will result in Legend Holdings no longer holding shares in the target company. This transaction is classified as disclosable under Hong Kong listing rules, indicating its significance in the group's portfolio. The move aims to streamline holdings and potentially free up capital for other investments. The latest analyst rating for Legend Holdings stock is a Sell with a price target of HK$8.00." datetime: "2026-04-08T23:52:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282115527.md) - [en](https://longbridge.com/en/news/282115527.md) - [zh-HK](https://longbridge.com/zh-HK/news/282115527.md) --- # Legend Holdings to Sell Entire 11.29% Stake in SSE-Listed Company for RMB2.72 Billion ### Easter Sale - 70% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Legend Holdings Corporation Class H ( (HK:3396) ) has issued an update. Legend Holdings Corporation has agreed to sell its entire 11.29% stake in a Shanghai Stock Exchange-listed target company to China Logistics Capital for a total cash consideration of about RMB2.72 billion, priced at RMB15.156 per share. The consideration was set with reference to the target’s market price, prevailing conditions and past financial performance, and upon completion Legend Holdings will no longer hold any shares in the target. The disposal qualifies as a disclosable transaction under Hong Kong listing rules, triggering reporting and announcement requirements but not shareholder approval, underscoring the deal’s material yet mid-sized nature in the group’s portfolio. The move streamlines Legend Holdings’ holdings in the target company, potentially freeing capital for redeployment into other investments while bringing in an independent logistics-focused buyer that is not connected to the group. The most recent analyst rating on (HK:3396) stock is a Sell with a HK$8.00 price target. To see the full list of analyst forecasts on Legend Holdings Corporation Class H stock, see the HK:3396 Stock Forecast page. **More about Legend Holdings Corporation Class H** Legend Holdings Corporation is a diversified investment holding company incorporated in the People’s Republic of China and listed in Hong Kong. The group typically invests in and manages a portfolio of businesses across sectors, focusing on long-term value creation through strategic equity holdings and capital allocation. **Average Trading Volume:** 3,763,935 **Technical Sentiment Signal:** Sell **Current Market Cap:** HK$19.91B Find detailed analytics on 3396 stock on TipRanks’ Stock Analysis page. ### Related Stocks - [159925.CN](https://longbridge.com/en/quote/159925.CN.md) - [516210.CN](https://longbridge.com/en/quote/516210.CN.md) - [513750.CN](https://longbridge.com/en/quote/513750.CN.md) - [00992.HK](https://longbridge.com/en/quote/00992.HK.md) - [03133.HK](https://longbridge.com/en/quote/03133.HK.md) - [512820.CN](https://longbridge.com/en/quote/512820.CN.md) - [159887.CN](https://longbridge.com/en/quote/159887.CN.md) - [515020.CN](https://longbridge.com/en/quote/515020.CN.md) - [07233.HK](https://longbridge.com/en/quote/07233.HK.md) - [03396.HK](https://longbridge.com/en/quote/03396.HK.md) - [512800.CN](https://longbridge.com/en/quote/512800.CN.md) ## Related News & Research - [A Look At Lenovo Group (SEHK:992) Valuation After New AI Partnerships With NVIDIA And Konecta](https://longbridge.com/en/news/284139553.md) - [Beyond Earth Day: Turning Sustainability Into Growth Across the Partner Ecosystem](https://longbridge.com/en/news/284610045.md) - [Legend Holdings Sets Formal Nomination Committee to Strengthen Board Governance](https://longbridge.com/en/news/281181339.md) - [Bank of Chongqing Posts Double-Digit Profit Growth in Q1 2026 on Expanding Balance Sheet](https://longbridge.com/en/news/284413921.md) - [OTAVA Appoints Donnie Gerault as CEO](https://longbridge.com/en/news/284380813.md)