Legend Upstar Revises Court Date and Timetable for Privatisation and Delisting

An update from Legend Upstar Holdings Limited ( (HK:0459) ) is now available.

Legend Upstar Holdings Limited and its offeror, Wealth Builder Holdings Limited, have updated investors on the timetable for the proposed privatisation of the Hong Kong-listed company via a scheme of arrangement in the Cayman Islands. The Grand Court has postponed the court hearing from 13 March 2026 to 19 March 2026 (Cayman Islands time), prompting a revised schedule for key milestones, including the scheme record date, effective date of the scheme, withdrawal of the company’s listing, and the deadline for payment of the cancellation price to scheme shareholders.

Under the revised timetable, the scheme is expected to become effective on 26 March 2026, with the delisting of Legend Upstar’s shares taking effect at 4:00 p.m. on 30 March 2026 and cheques for the cancellation price to be dispatched on or before 9 April 2026. The updated dates clarify the remaining steps for shareholders and other stakeholders as the company moves toward going private, with further announcements to follow if there are any additional changes to the schedule.

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 a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. Further details of its industry, products or services are not provided in the announcement, but it is currently the subject of a privatisation proposal by Wealth Builder Holdings Limited through a scheme of arrangement.

Average Trading Volume: 3,418,156

Technical Sentiment Signal: Hold

Current Market Cap: HK$240.1M

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