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Legend Holdings

Legend Holdings
HKEX

Legend Holdings is an investment holding company with interests in IT, financial services, agriculture, property, and energy materials.

OVERVIEW

Categories
Finance, Investing
HQ location
Beijing
Founded date
Nov. 9, 1984
IPO date
Jun. 29, 2015
Legal name
Legend Holdings Corporation
Legend Holdings Corporation (hereinafter referred to as “Legend Holdings”) was founded in 1984 by Liu Chuanzhi and 10 other researchers with funding from the Computing Institute of the Chinese Academy of Sciences. Starting from the IT industry, Legend Holdings has gone through the development of over three decades, and now it is a leading diversified investment holding company in China. It builds up a unique business model of “strategic investments + financial investments” with synergy between the two-wheel-drive businesses. Through value creation and value discovery, the Company cultivates and manages an outstanding investment portfolio with growth potential, driving sustainable value growth.
03396:HKEX
Transaction date
Jun. 2, 2020
52-week high
HKD 19.64
52-week low
HKD 8.21
Volume
25,926,276
Open
HKD 9.30
Close
HKD 9.38
P/E
5.49
Market cap
HKD 22.10 billion

ANALYSIS

Lenovo: conservative and attack of the match

Lenovo released its financial results for the third quarter of the 2019-2020 fiscal year, which showed that its revenue in the third quarter was CNY99.3 billion yuan, and its pretax profit was CNY 2.75 billion, up more than 11% year on year, while its net profit was CNY1.82 billion, up 11% year on year.

Mar. 2, 2020 · Legend Holdings

Capital players of Lenovo

After Liu chuanzhi split Lenovo into two and formed Legend holdings in 2000, the old technology company that most people are familiar with, Lenovo, has become a matrix of Lenovo star, Junlian Capital, Hony Capital, Lenovo Venture Capital and Lenovo Group.

Dec. 21, 2019 · Legend Holdings

The godfather left, Liu chuanzhi farewell

Legend chairman, executive director and Lenovo founder Liu chuanzhi will step down as chairman and executive director of the company and become Legend's honorary chairman, senior adviser and member of the board's strategic committee. However, Legend as the original core decision-making position of the executive committee disbanded from then on.

Dec. 19, 2019 · Legend Holdings

REPORTS

Legend holdings (03396.hk) :a holding platform for strategic investment and financial investment

It is estimated that the company's net profit in 2018/19/20 will be CNY 5.4 billion / 6.1 billion / 6.3 billion respectively, corresponding to the share price of 8/7/6 times PE on May 9. Referring to large multi-sector holding companies in Hong Kong, we believe that the reasonable valuation of the company should be 10 times PE, corresponding to the target price of HK $29

May. 10, 2018 · Legend Holdings

Legend holdings (3396) : a large investment group in China

In terms of valuation, the company's IPO price is 39.8-43 Hong Kong dollars, with 353 million shares issued. The company's 2014 earnings ratio is 17.9-19.3 times, which is similar to subsidiary Lenovo Group and the mainland investment group listed in Hong Kong, with a reasonable valuation.

Jun. 17, 2015 · Legend Holdings

ANNOUNCEMENTS

Date Announcement
May. 29, 2020 Legend Holdings announces that the company will issue the first phase of corporate bonds of this year with a total size of no more than CNY 3 billion to eligible investors from June 1 to June 3 this year. The basic issuance scale is CNY 1.5 billion, and the over-allotment is not to exceed CNY 1.5 billion. The funds raised from the issuance of bonds of this period are intended to be used to repay interest-bearing debt. The current bond has a fixed interest rate of 3 years.
May. 21, 2020 On May 21, Legend Holdings (03396:HKEX) issued an announcement that the company received a notice from the major shareholder of the Chinese Academy of Sciences Holdings Co., Ltd. Feng Ling resigned as a company supervisor due to retirement, so Guoke Holdings nominated Yang Jianhua to replace Feng Ling as the new shareholder representative supervisor. The board of directors and the board of supervisors agreed to nominate candidates for shareholder representative supervisors of the second board of directors of Yang Jianhua and agreed to submit the general resolution on the election of Yang Jianhua's new supervisors at the 2019 Annual General Meeting of Shareholders on June 12, 2020 for shareholders' consideration and approval.
Mar. 26, 2020 The combined business income of the company and its subsidiaries was CNY 389.218 billion, up 8% from the same period last year<br/>Net profit attributable to equity holders was CNY 3.607 billion, a decrease from the same period last year.17<br/>Basic earnings per share were CNY 1.54, a decrease of 17% from the same period last year.<br/>
Feb. 13, 2020 Approved the appointment of Mr. Li Peng as the executive director of the second session of the board of directors of the Company. The term of office is from the date of passing this resolution to the end of the annual general meeting of the third session of the company's board of directors. The non-executive director of the second session of the board of directors appointed Mr. Yin Jian'an as the independent non-executive director of the second session of the board of directors of the company. The term of office will be from the date of passing this resolution to the end of the election of the third annual board of directors of the company.
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Overview
Categories
Finance, Investing
HQ location
Beijing
Founded date
Nov. 9, 1984
IPO date
Jun. 29, 2015
Legal name
Legend Holdings Corporation
Legend Holdings Corporation (hereinafter referred to as “Legend Holdings”) was founded in 1984 by Liu Chuanzhi and 10 other researchers with funding from the Computing Institute of the Chinese Academy of Sciences. Starting from the IT industry, Legend Holdings has gone through the development of over three decades, and now it is a leading diversified investment holding company in China. It builds up a unique business model of “strategic investments + financial investments” with synergy between the two-wheel-drive businesses. Through value creation and value discovery, the Company cultivates and manages an outstanding investment portfolio with growth potential, driving sustainable value growth.
03396:HKEX
Transaction date
Jun. 2, 2020
52-week high
HKD 19.64
52-week low
HKD 8.21
Volume
25,926,276
Open
HKD 9.30
Close
HKD 9.38
P/E
5.49
Market cap
HKD 22.10 billion
Analysis

Lenovo: conservative and attack of the match

Lenovo released its financial results for the third quarter of the 2019-2020 fiscal year, which showed that its revenue in the third quarter was CNY99.3 billion yuan, and its pretax profit was CNY 2.75 billion, up more than 11% year on year, while its net profit was CNY1.82 billion, up 11% year on year.

Mar. 2, 2020 · Legend Holdings

Capital players of Lenovo

After Liu chuanzhi split Lenovo into two and formed Legend holdings in 2000, the old technology company that most people are familiar with, Lenovo, has become a matrix of Lenovo star, Junlian Capital, Hony Capital, Lenovo Venture Capital and Lenovo Group.

Dec. 21, 2019 · Legend Holdings

The godfather left, Liu chuanzhi farewell

Legend chairman, executive director and Lenovo founder Liu chuanzhi will step down as chairman and executive director of the company and become Legend's honorary chairman, senior adviser and member of the board's strategic committee. However, Legend as the original core decision-making position of the executive committee disbanded from then on.

Dec. 19, 2019 · Legend Holdings
Reports

Legend holdings (03396.hk) :a holding platform for strategic investment and financial investment

It is estimated that the company's net profit in 2018/19/20 will be CNY 5.4 billion / 6.1 billion / 6.3 billion respectively, corresponding to the share price of 8/7/6 times PE on May 9. Referring to large multi-sector holding companies in Hong Kong, we believe that the reasonable valuation of the company should be 10 times PE, corresponding to the target price of HK $29

May. 10, 2018 · Legend Holdings

Legend holdings (3396) : a large investment group in China

In terms of valuation, the company's IPO price is 39.8-43 Hong Kong dollars, with 353 million shares issued. The company's 2014 earnings ratio is 17.9-19.3 times, which is similar to subsidiary Lenovo Group and the mainland investment group listed in Hong Kong, with a reasonable valuation.

Jun. 17, 2015 · Legend Holdings
Announcements
Date Announcement
May. 29, 2020 Legend Holdings announces that the company will issue the first phase of corporate bonds of this year with a total size of no more than CNY 3 billion to eligible investors from June 1 to June 3 this year. The basic issuance scale is CNY 1.5 billion, and the over-allotment is not to exceed CNY 1.5 billion. The funds raised from the issuance of bonds of this period are intended to be used to repay interest-bearing debt. The current bond has a fixed interest rate of 3 years.
May. 21, 2020 On May 21, Legend Holdings (03396:HKEX) issued an announcement that the company received a notice from the major shareholder of the Chinese Academy of Sciences Holdings Co., Ltd. Feng Ling resigned as a company supervisor due to retirement, so Guoke Holdings nominated Yang Jianhua to replace Feng Ling as the new shareholder representative supervisor. The board of directors and the board of supervisors agreed to nominate candidates for shareholder representative supervisors of the second board of directors of Yang Jianhua and agreed to submit the general resolution on the election of Yang Jianhua's new supervisors at the 2019 Annual General Meeting of Shareholders on June 12, 2020 for shareholders' consideration and approval.
Mar. 26, 2020 The combined business income of the company and its subsidiaries was CNY 389.218 billion, up 8% from the same period last year<br/>Net profit attributable to equity holders was CNY 3.607 billion, a decrease from the same period last year.17<br/>Basic earnings per share were CNY 1.54, a decrease of 17% from the same period last year.<br/>
Feb. 13, 2020 Approved the appointment of Mr. Li Peng as the executive director of the second session of the board of directors of the Company. The term of office is from the date of passing this resolution to the end of the annual general meeting of the third session of the company's board of directors. The non-executive director of the second session of the board of directors appointed Mr. Yin Jian'an as the independent non-executive director of the second session of the board of directors of the company. The term of office will be from the date of passing this resolution to the end of the election of the third annual board of directors of the company.