tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Macau Legend Shifts Domicile to Bermuda and Overhauls Capital Structure

Story Highlights
  • Macau Legend has redomiciled from Cayman to Bermuda, updating its registered office and governance documents.
  • The company is cancelling share premium and reorganising share capital to create surplus for offsetting losses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Macau Legend Shifts Domicile to Bermuda and Overhauls Capital Structure

Claim 50% Off TipRanks Premium and Invest with Confidence

The latest update is out from Macau Legend Development ( (HK:1680) ).

Macau Legend Development has completed a change of domicile from the Cayman Islands to Bermuda, effective 19 December 2025, and has shifted its registered office and principal share registrar to Hamilton, Bermuda, while retaining its Hong Kong branch share registrar. Concurrently, the company has brought into effect a new memorandum of continuance and new bye-laws approved by shareholders, cancelled its share premium account by transferring the balance into a contributed surplus account under Bermuda law, and set in motion a capital reorganisation effective 29 December 2025 that will reduce the par value of issued shares, sub-divide unissued shares, and use the resulting surplus to offset accumulated losses, moves that collectively aim to streamline its capital structure and potentially strengthen its financial position.

The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.

More about Macau Legend Development

Macau Legend Development Limited is a Hong Kong–listed company incorporated in the Cayman Islands and now continued in Bermuda, operating through a group structure that holds its assets and businesses. The company’s shares are traded on the Stock Exchange of Hong Kong under stock code 01680, with its shareholder base serviced through principal and branch share registrars in Bermuda and Hong Kong respectively.

YTD Price Performance: -75.14%

Average Trading Volume: 225,653

Technical Sentiment Signal: Sell

Current Market Cap: HK$297.7M

Learn more about 1680 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1