Legend Holdings Corporation Class H (HK:3396) has released an update.
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Legend Holdings Corporation is eyeing a substantial acquisition through the proposed issuance of Lenovo Warrants, which if executed, would be considered a very significant transaction under stock listing rules, requiring shareholder approval. The deal includes a potential on-market buyout of Lenovo shares, aiming to maintain a controlling stake in the subsidiary, Lenovo. The strategic moves are subject to various conditions and approvals, and shareholders are urged to exercise caution and seek professional advice.
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