Legend Upstar Privatization Scheme Gets Shareholder Nod

MT Newswires Live

Yesterday

Shareholders of Legend Upstar (HKG:0459) approved the scheme for the privatization of the firm by Wealth Builder at a court meeting held Friday, according to a same-day joint filing on the Hong Kong bourse.

Legend Upstar's shareholders also approved the cancellation of the existing shares held by scheme shareholders and an increase to the firm's issued shares to the number before cancellation at an EGM held the same day.

The expected last day for trading of the firm's shares is Feb. 27, while, subject to the scheme becoming effective, the withdrawal of listing of the shares from the Hong Kong bourse is expected to be effective at 4:00 pm on March 24.

Wealth Builder had proposed to privatize Legend Upstar via a scheme of arrangement in December 2025.

Wealth Builder, owned by Legend Upstar's Chair Freddie Wong, held around 1.13 billion, or 62.74%, of Legend Upstar's issued shares at the time of the offer.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2612641012"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2612641012\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2612641012?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-20 20:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2612641012","market":"fut","top_or_hot":-1,"title":"Legend Upstar Privatization Scheme Gets Shareholder Nod","media":"MT Newswires Live","content":"<html><body><p> Shareholders of <a href=\"https://laohu8.com/S/00459\">Legend Upstar</a> (HKG:0459) approved the scheme for the privatization of the firm by Wealth Builder at a court meeting held Friday, according to a same-day joint filing on the Hong Kong bourse.</p><p>Legend Upstar's shareholders also approved the cancellation of the existing shares held by scheme shareholders and an increase to the firm's issued shares to the number before cancellation at an EGM held the same day.</p><p>The expected last day for trading of the firm's shares is Feb. 27, while, subject to the scheme becoming effective, the withdrawal of listing of the shares from the Hong Kong bourse is expected to be effective at 4:00 pm on March 24.</p><p>Wealth Builder had proposed to privatize Legend Upstar via a scheme of arrangement in December 2025.</p><p>Wealth Builder, owned by Legend Upstar's Chair Freddie Wong, held around 1.13 billion, or 62.74%, of Legend Upstar's issued shares at the time of the offer.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Legend Upstar Privatization Scheme Gets Shareholder Nod</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLegend Upstar Privatization Scheme Gets Shareholder Nod\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-02-20 20:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Shareholders of <a href=\"https://laohu8.com/S/00459\">Legend Upstar</a> (HKG:0459) approved the scheme for the privatization of the firm by Wealth Builder at a court meeting held Friday, according to a same-day joint filing on the Hong Kong bourse.</p><p>Legend Upstar's shareholders also approved the cancellation of the existing shares held by scheme shareholders and an increase to the firm's issued shares to the number before cancellation at an EGM held the same day.</p><p>The expected last day for trading of the firm's shares is Feb. 27, while, subject to the scheme becoming effective, the withdrawal of listing of the shares from the Hong Kong bourse is expected to be effective at 4:00 pm on March 24.</p><p>Wealth Builder had proposed to privatize Legend Upstar via a scheme of arrangement in December 2025.</p><p>Wealth Builder, owned by Legend Upstar's Chair Freddie Wong, held around 1.13 billion, or 62.74%, of Legend Upstar's issued shares at the time of the offer.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00459","symbol_name":"鋑联控股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2612641012","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612641012","pubTimestamp":1771591506,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shareholders of Legend Upstar  approved the scheme for the privatization of the firm by Wealth Builder at a court meeting held Friday, according to a same-day joint filing on the Hong Kong bourse.Legend Upstar's shareholders also approved the cancellation of the existing shares held by scheme shareholders and an increase to the firm's issued shares to the number before cancellation at an EGM held the same day.The expected last day for trading of the firm's shares is Feb. 27, while, subject to the scheme becoming effective, the withdrawal of listing of the shares from the Hong Kong bourse is expected to be effective at 4:00 pm on March 24.Wealth Builder had proposed to privatize Legend Upstar via a scheme of arrangement in December 2025.Wealth Builder, owned by Legend Upstar's Chair Freddie Wong, held around 1.13 billion, or 62.74%, of Legend Upstar's issued shares at the time of the offer.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00459":"鋑联控股","BK1097":"房地产服务"},"translate_title":"传奇新贵私有化计划获得股东认可","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00459":0.9},"content_text":"Shareholders of Legend Upstar (HKG:0459) approved the scheme for the privatization of the firm by Wealth Builder at a court meeting held Friday, according to a same-day joint filing on the Hong Kong bourse.Legend Upstar's shareholders also approved the cancellation of the existing shares held by scheme shareholders and an increase to the firm's issued shares to the number before cancellation at an EGM held the same day.The expected last day for trading of the firm's shares is Feb. 27, while, subject to the scheme becoming effective, the withdrawal of listing of the shares from the Hong Kong bourse is expected to be effective at 4:00 pm on March 24.Wealth Builder had proposed to privatize Legend Upstar via a scheme of arrangement in December 2025.Wealth Builder, owned by Legend Upstar's Chair Freddie Wong, held around 1.13 billion, or 62.74%, of Legend Upstar's issued shares at the time of the offer.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}