On June 24, Legend Holdings rose 5.73% in regular trading, trading at HKD 15.8/share, with turnover of HKD 19.394 million.

On the news front, subsidiary Lenovo Group recently announced plans to issue USD 2 billion in new convertible bonds with an initial conversion price of HKD 36.70 per share, while simultaneously repurchasing approximately USD 225 million in principal of existing 2029 convertible bonds at a 293.20% premium, with total consideration of approximately USD 659.7 million. The company also committed to conducting share buybacks on the open market after the transactions are completed to offset potential dilution.

Legend Holdings had previously declined over 5% on June 23 as the large-scale financing raised market concerns over capital structure pressure. As investors have now digested the comprehensive capital management package combining new bond issuance, old bond repurchase, and share buyback commitments, the stock staged a recovery rebound. Subsidiary Lenovo Group also rose 4.22% on the same day, confirming broad market reassessment of the transaction as a proactive debt and equity structure optimization rather than a dilutive event.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)