Legend Holdings Corporation Class H (HK:3396) has released an update.
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Legend Holdings Corporation has announced a strategic transaction involving the sale and capital increase of a subsidiary’s equity interests to Sunshine Life, which will result in the company maintaining a 52.79% stake. This move aims to enhance the financial structure and shareholder value while adhering to the Hong Kong Stock Exchange’s disclosure requirements. The transaction highlights Legend Holdings’ commitment to optimizing its investment portfolio.
For further insights into HK:3396 stock, check out TipRanks’ Stock Analysis page.