Legend Strategy International Holdings Group Co., Ltd. (HK:1355) has released an update.
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Legend Strategy International Holdings Group Co., Ltd., has revealed that its controlling shareholder, Hehui International Development Limited, has charged its majority stake of 60.12% shares and assigned receivables of approximately HK$27.5 million as security for a RMB100 million loan. This financial move by the controlling shareholder, who is fully owned by the chairman Mr. Yuan Fuer, is independent of the company’s obligations and not intended to secure the company’s debt.
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