On September 23, LEGENDHOLDING rose 3.11% in regular trading, trading at HK$24.5/share, with turnover of HK$128 million, extending its recent rally that has accumulated nearly 90% gains since early August.

On the news front, the company is reportedly working with Goldman Sachs to sell its approximately 90% stake in Luxembourg private bank Banque Internationale a Luxembourg (BIL), with first-round bids due by the end of September and the bank potentially valued at around 2.5 billion euros or more. Early interest has emerged from European and Middle Eastern institutions. Citi issued a Buy rating with a target price of HK$21.5, noting the potential divestiture could narrow LEGENDHOLDING's estimated NAV discount by up to approximately 75%, representing the first step in the company's strategic pivot toward a more technology-focused holding structure.

The move also builds on robust H1 results released in late August, with revenue reaching RMB 362.9 billion, up 29% year-over-year, attributable net profit surging 219% to RMB 2.23 billion, and adjusted net profit jumping 298% to RMB 15.627 billion. Infrastructure solutions revenue grew 62%, with AI server order backlog reaching US$54 billion by quarter-end.

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