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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: legend | holdings | spinoff | digital | china

Print Edition

FinanceAsia Print Edition