Legend Holdings to Sell Entire 11.29% Stake in SSE-Listed Company for RMB2.72 Billion
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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.
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