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An update from Legend Upstar Holdings Limited ( (HK:0459) ) is now available.
Legend Upstar Holdings Limited has received a formal privatization proposal from Wealth Builder Holdings Limited, which aims to take the company private via a scheme of arrangement under Cayman Islands law and subsequently withdraw its shares from listing on the Hong Kong Stock Exchange. The companies have now despatched the scheme document to shareholders, setting out full details of the proposal, financial and valuation information on the group, and notices for a court meeting and extraordinary general meeting scheduled for 20 February 2026, where disinterested shareholders will vote on the deal. An independent board committee of Legend Upstar’s non-executive directors, supported by advice from Somerley Capital as independent financial adviser, has concluded that the terms of the privatization and scheme are fair and reasonable and is recommending that disinterested shareholders vote in favour, a stance that, if accepted, would pave the way for the company’s delisting and a shift in its ownership structure with implications for minority investors’ exit and the firm’s future governance outside the public markets.
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
Legend Upstar Holdings Limited is an investment holding company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. Through its subsidiaries, it operates as a group (the Group), though this announcement focuses on corporate and capital market arrangements rather than detailing its underlying operating businesses or specific industry segment.
Average Trading Volume: 1,701,363
Technical Sentiment Signal: Hold
Current Market Cap: HK$216.6M
See more data about 0459 stock on TipRanks’ Stock Analysis page.