Legend Holdings to spin-off Digital China

Legend Holdings will begin roadshows on Monday for the spin-off of its computer distribution unit Digital China.

In a bid to remove a conflict of interest, Legends largest shareholder, the Chinese Academy of Sciences, is splitting its own-brand computer manufacturing and distribution unit, Legend, from its foreign-brand distribution unit, Digital.

The Goldman Sachs-led deal is currently being pre-marketed, with formal presentations scheduled to begin on Monday, May 14, for pricing on May 29. The IPO of Digital China will comprise an HKSE-listed red chip offering, with both an institutional and retail tranche. Co-leads are...

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