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Legend Upstar Holdings Limited ( (HK:0459) ) has shared an announcement.
Legend Upstar Holdings Limited has convened a court-ordered meeting of its scheme shareholders in Hong Kong to vote on a proposed scheme of arrangement under the Companies Act of the Cayman Islands. The meeting, chaired by an independent non-executive director, will determine whether shareholders approve the transaction framework set out in a composite scheme document, with voting procedures allowing for personal or proxy participation and specific arrangements for joint and beneficial holders. If the scheme is approved by shareholders, it will still require sanction from the Grand Court of the Cayman Islands, marking a key legal and procedural step that could materially reshape the company’s capital structure or ownership and carries significant implications for shareholders depending on the scheme’s ultimate terms and court outcome.
The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.13 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.
More about Legend Upstar Holdings Limited
Average Trading Volume: 1,701,363
Technical Sentiment Signal: Hold
Current Market Cap: HK$216.6M
For a thorough assessment of 0459 stock, go to TipRanks’ Stock Analysis page.