Legend Holdings (HKG:3396) and its subsidiary Junchuang Financial Group agreed to dispose of a 14.51% stake and a 0.82% interest, respectively, in JC International Finance & Leasing to Sunshine Life for 474.1 million yuan and 26.6 million yuan, a Friday Hong Kong bourse filing said.
On the same day, the purchaser, a subsidiary of Sunshine Insurance Group (HKG:6963), also agreed to subscribe for an additional stake of 24.57% in the target company at the consideration of 802.8 million yuan.
Upon completion, the company will still hold 52.79% equity interest in the target company, which will remain a subsidiary of Legend Holdings.
The proceeds from the disposal and capital increase are intended for the debt repayment of the company and the target company, the general working capital of the group, while a part of it will be used for other investments.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。