BRIEF-Genscript Biotech Announces Deconsolidation Of Legend Biotech Corp And Its Subsidiaries

Reuters10-22

Oct 22 (Reuters) - Genscript Biotech Corp :

* VARIATION OF DEPOSIT AGREEMENT RESULTING IN DECONSOLIDATION OF LEGEND BIOTECH CORPORATION AND ITS SUBSIDIARIES

* EXPECTS DECONSOLIDATION TO HAVE SIGNIFICANT IMPACT ON CONSOLIDATED FINANCIAL STATEMENTS OF GROUP FOR FY2024

* EXPECTED SIGNIFICANT AMOUNT OF GAIN WILL BE RECOGNIZED UPON DECONSOLIDATION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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