Legend Holdings sells 11.3% stake in Eastern Air Logistics for RMB 2.7 billion

Reuters04-09

Legend Holdings sells 11.3% stake in <a href="https://laohu8.com/S/601156">Eastern Air Logistics</a> for RMB 2.7 billion

Legend Holdings agreed to sell 179,254,133 shares in Eastern Air Logistics, equal to a 11.3% stake.
China Logistics Capital will pay total cash consideration of RMB 2.7 billion, equal to RMB 15.16 per share.
Legend Holdings will exit its entire holding in Eastern Air Logistics upon completion.
Transaction is expected to generate a pre-tax gain of about RMB 297 million, based on Dec. 31, 2025 carrying value.
Proceeds are earmarked for daily operations or debt repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legend Holdings Corporation published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260409-12098835), on April 08, 2026, and is solely responsible for the information contained therein.

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