Legend said its indirect subsidiary Joy Wing Mau agreed to repurchase 57,351,850 shares, about 14% of its issued shares. The repurchases cover 23,718,248 shares from Junlian Shengyuan at RMB 418.95 million. They also cover 24,039,422 shares from Xiamen C&D at RMB 455.02 million. Joy Wing Mau will repurchase 9,594,180 shares from Longmen Fund at RMB 211.79 million.
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