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The latest update is out from Legend Holdings Corporation Class H ( (HK:3396) ).
Legend Holdings Corporation has called its 2025 annual general meeting for June 26, 2026, in Beijing, where shareholders will review the company’s 2025 directors’ and supervisors’ reports, audited financial statements, profit distribution plan, and the re-appointment of PricewaterhouseCoopers as independent auditor. The meeting will also vote on appointing Yu Hao as an executive director, abolishing the board of supervisors with related amendments to the articles and governance rules, and granting broad mandates to the board to issue up to RMB35 billion in debt, issue shares including treasury shares, and repurchase H shares, moves that collectively expand the company’s financing flexibility and reshape its governance structure.
These proposed resolutions signal a significant recalibration of Legend Holdings’ capital management tools and internal oversight framework, potentially streamlining decision-making while giving the board wide latitude to tap debt and equity markets through 2029. For shareholders, the combination of a profit distribution proposal, enhanced share repurchase authority, and large-scale debt-issuance mandate underscores a more active balance-sheet strategy that could influence returns, leverage levels, and the company’s long-term strategic positioning in the market.
More about Legend Holdings Corporation Class H
Legend Holdings Corporation is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 03396. The group operates as an investment holding company with a diversified portfolio, and its activities are overseen by a board of directors and, currently, a board of supervisors, in line with PRC corporate governance practices.
Average Trading Volume: 4,450,028
Technical Sentiment Signal: Buy
Current Market Cap: HK$23.47B
For a thorough assessment of 3396 stock, go to TipRanks’ Stock Analysis page.