February 18, 2018 4:27 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of Legend Holdings Corporation

Company Overview

Legend Holdings Corporation, through its subsidiaries, operates in information technology (IT), financial services, innovative consumption and services, agriculture and food, new materials, and financial investments businesses in the People’s Republic of China and internationally. The company’s IT segment develops, manufactures, and markets technology products and services for consumers and corporate customers. Its Financial Services segment offers short-term financing, credit guarantee, entrusted loan, finance lease, banking, insurance brokerage, payment and Internet finance, and trust solutions. The company’s Innovative Consumption and Services segment provides medical and health, logistic...

Court No. 2, Ke Xue Yuan Nanlu

17th Floor

Room 1701, Block 1

Haidian District

Beijing,  100190

China

Founded in 1984

64,899 Employees

Key Executives for Legend Holdings Corporation

President & Executive Director
Age: 54
Total Annual Compensation: CNY27.6M
Chairman
Age: 73
Total Annual Compensation: CNY32.0M
Executive Vice President and Executive Director
Age: 54
Compensation as of Fiscal Year 2016.

Legend Holdings Corporation Key Developments

Legend Holdings Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017

Legend Holdings Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue of USD 12,939 million against USD 12,169 million a year ago. Operating profit was USD 204 million against USD 138 million a year ago. Profit before income tax was USD 150 million against USD 101 million a year ago. Loss attributable to equity holders of the company was USD 289 million against profit of USD 98 a year ago. Basic and diluted loss per share was 2.53 cents against basic and diluted earnings per share of 0.90 cents a year ago. For the nine months, the company reported revenue of USD 34,712 million against USD 33,456 million a year ago. Operating profit was USD 286 million against USD 598 million a year ago. Profit before income tax was USD 116 against USD 475 a year ago. Loss attributable to equity holders of the company was USD 222 against profit of USD 428 million a year ago. Basic and diluted loss per share was 0.90 cents against basic and diluted earnings per share of 3.88 cents a year ago.

Legend Holdings Corporation Approves Amendment to the Articles of Association

Legend Holdings Corporation announced at its extraordinary general meeting was held on January 16, 2018, the shareholders approved the proposed amendments to the Articles of Association.

Legend Holdings Corporation Announces Board Changes

The board announces the proposed appointment of Mr. Luo Cheng as a supervisor representing the Shareholders to replace Mr. Qi Zixin, which will be subject to the approval of the shareholders at the EGM by way of an ordinary resolution. Mr. Luo Cheng is the general manager of the investment and management department of China Oceanwide Holdings.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 8, 2018
Better Education Group Corporation
Merger/Acquisition
September 1, 2017
Banque Internationale à Luxembourg SA
Merger/Acquisition
August 31, 2017
Suzhou Phylion Battery Co., Ltd.
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