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Legend Holdings Corporation Class H ( (HK:3396) ) has shared an announcement.
Legend Holdings Corporation announced that its indirect wholly-owned subsidiary, Joyvio Premium Fresh, has entered into an Equity Transfer Agreement to acquire 100% equity interest in a Target Company from Joyvio Food, another subsidiary, for a nominal consideration of RMB1. This strategic move, finalized on April 24, 2025, reflects the assessed negative value of the Target Company and involves Joyvio Premium Fresh capitalizing the consideration from its own funds. The transaction is expected to impact the company’s financial structure and operational strategy, as it assumes any interim profit or loss generated by the Target Company until completion.
More about Legend Holdings Corporation Class H
YTD Price Performance: -4.15%
Average Trading Volume: 5,905,390
Technical Sentiment Signal: Buy
Current Market Cap: HK$16.96B
Learn more about 3396 stock on TipRanks’ Stock Analysis page.