May 5, 2017 / 11:36 AM / 5 months ago

BRIEF-Legend Holdings says unit entered into capital increase agreement

May 5 (Reuters) - Legend Holdings Corp:

* CAS Holdings’ strategic investment in Levima Advanced Materials, Co., Ltd., a subsidiary of company

* Cas Holdings will make additional capital injection of RMB426.9 million in cash to Levima Advanced Materials

* Cas,Levima, Levima advanced materials,other shareholders of Levima advanced materials entered into equity transfer,capital increase agreement

* Upon completion, Levima group’s shareholding in Levima advanced materials will decrease from 88.19pct to 60.44pct

* Cas Holdings agreed to acquire from Levima RMB129.6 million in registered capital of Levima advanced materials for RMB425.6 million

* Registered capital of Levima advanced materials will increase to RMB880 million &CAS Holdings’ shareholding in Levima will become 29.50pct Source text for Eikon: Further company coverage:

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