United States

Legend Holdings updates on acquisition of stake in Banque Internationale A Luxembourg S.A.

Friday, 1 Sep 2017 08:57am EDT 

Sept 1 (Reuters) - Legend Holdings Corp <3396.HK>::Major Transaction Acquisition Of 89.936% Issued Share Capital In Banque Internationale A Luxembourg S.A. <<<3396.HK>>>.Beyond Leap agreed to purchase an aggregate of 89.936% issued share capital in Banque Internationale À Luxembourg S.A..Consideration to be paid by Beyond Leap to Precision Capital S.A for purchase of sale shares shall be equal to an amount of EURO1.48 billion.Directors consider acquisition will have no material adverse effect on group's overall financial conditions and business operation.Consideration for deal shall be payable in cash.