Legend Holdings is carrying net debt of 4.10 times its EBITDA, which is getting towards the upper limit of our comfort range on a dividend stock … report on analyst forecasts for the company. This may not be consistent with full year annual report figures. [2] STX is run by film producer Robert Simonds. [3], In 2008, Hony assisted Zoomlion Heavy Industry Science & Technology to purchase Italian equipment manufacturer Compagnia Italiana Forme Acciaio. Hony claims it can help PizzaExpress create more value in China using its extensive experience and network in its home market. But he's finding it hard to avoid reporters after his company bought a major stake in Legend Holdings, owner of China's biggest computer maker Lenovo Group. Lenovo bought IBM’s personal computer division in … Legend Holdings Corp., the Beijing-based conglomerate that owns computer maker Lenovo Group Ltd., is buying a controlling stake in one of Europe's oldest privately held banks from its … Insiders own HK$2.2b worth of shares (at current prices). Additionally, we found that 3 of the top shareholders have a considerable amount of ownership in the company, via their 66% stake. Legend Holdings Corporation(Chinese:联想控股股份有限公司) is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known associate company, the Lenovo Group. Hony also invests in overseas consumer brands in order to create value by expanding their presence in China.[1]. Hony paid with US$ billion in debt with the remaining amount in equity. If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. [13], Investors in Hony's private equity funds include numerous American and Canadian pension funds, the Bill & Melinda Gates Foundation, Goldman Sachs, and China's national social insurance fund. Legend Holdings Invests $61M In O2O Start-Up Liquor Easy ... Legend Holdings… Private companies may also have a strategic interest in the company. The airline operator said on Monday it will introduce four private investors, including Legend Holdings, owner of the Lenovo computer brand, to … He was 86. 337927). A look at the shareholders of Legend Holdings Corporation (HKG:3396) can tell us which group is most powerful. Sir David Barclay — the British billionaire who with his twin brother built a business empire that included ownership of the Telegraph Media Group — has died. [2], Hony Capital currently manages over US$10.0 billion of assets and has invested in more than 100 companies domestically and abroad. $61,000,000 Venture capital (Series B) ChinaMoneyNetwork. It might be worth looking deeper into this. [12], In November 2015, Hony agreed to increase its minority stake in the Australian oil and gas company Santos for A$500 million. Santos will use the money to pay off debt and increase its cash balance. Stake From Qatar's Royal Family 01 Sep 2017. Most would say this shows alignment of interests between shareholders and the board. [2], Hony Capital is led by John Zhao, its founder and CEO, who also serves as Executive Vice President of Legend Holdings. Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. This suggests some credibility amongst professional investors. As you can see, institutional investors own 31% of Legend Holdings. Generally speaking, as a company grows, institutions will increase their ownership. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Please read our Financial Services Guide before deciding whether to obtain financial services from us. In 2001, Mr. Liu Chuanzhi, President of Legend Holdings, decided to build a team led by ZHU Linan to start the investment business. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. The shares were sold at prices ranging from HK$7.03 TO HK$7.15 each. Read the full story on Reuters here. The studio produces movies with budgets of $10 million to $80 million. JP Morgan acted as Hony's adviser for this transaction.[2][4]. [6][8][9][10] STX also acquired worldwide rights to the action film Hardcore for $10 million after its premiere at the Toronto International Film Festival, making it the studio's first acquisition. [1] In July 2012, Hony Capital became the first private equity company registered in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Alternatively, those holders might be exiting the investment after taking it public. that you should be aware of before investing here. Legend, owner of computer group Lenovo Group Ltd, has been in discussions to buy around 90 percent of the private bank from Precision Capital, an investment vehicle of Qatar royal family members including former Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani, the person said. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. The minority share of 9.993% is owned by Grand Duchy of Luxembourg. There are 245 companies in the Legend Holdings … Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Legend, a Chinese investment holdings company, has subsidiaries in the financial, agriculture and IT sectors. Since 2014, Hony Capital has established Hospital Corporation of China and Best Food Holding Company Limited as its investment management platforms to explore systematic opportunities in healthcare, chain food and beverage industries. Chinese conglomerate Legend Holdings, owner of the Lenovo computer group, is to move into UK insurance with an investment of up to £110m in Pension Insurance Corporation. STX says it will release as many as 15 films per year by 2017. Hony completely divested itself of CSPC Pharmaceutical equity. [14], Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, "Blockbuster IPO for Legend in Lenovo mark", "Producer Robert Simonds Partners With TPG, China's Hony Capital for New Studio Venture", "Robert Simonds, Gigi Pritzker Pact with TPG, China’s Hony Capital on Production Venture,", "STX Entertainment, Showtime Announce TV Output Deal and First 4 Films,", "STX Entertainment Signs Pact With Universal Studios Home Entertainment,", "Showtime, STX Entertainment Announce TV Deal and First Four Films,", "STX Entertainment and Showtime Partner for Slate of Films,", "STX Entertainment Dates Films With Matthew McConaughey, Julia Roberts, Jason Blum,", "STX Entertainment Closing Deal For 'Hardcore': $10 Million And Wide Release Commitment –Toronto", "Hony Capital Raising Up to $1.26 Billion By Selling CSPC Shares", "China's Hony in $350m Santos stake acquisition", "The 'real story' behind China's growth is all about consumption, private equity chief says", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Hony_Capital&oldid=996557740, Financial services companies established in 2003, Creative Commons Attribution-ShareAlike License, This page was last edited on 27 December 2020, at 09:15. According to regulatory filings, Honey will purchase 75.53 million shares at A$6.8 per share. According to a company filing at the Shenzhen stock exchange, Legend has proposed to buy 26.8m shares through its agriculture subsidiary Joyvio … Joyvio completed its deal for the USD 920 million takeover of the Chilean salmon farmer last year. Our research team consists of equity analysts with a public, market-beating track record. Hony paid roughly a 15% premium over market prices and agreed not to divest its shares for at least 12 months. I generally like to see some degree of insider ownership, even if only a little. [11], Through firms it controls, Hony Capital sold off about US$1.26 billion in stock in CSPC Pharmaceutical in April 2015 to take advantage of rising share prices. So they usually pay more attention to companies that are included in major indices. Hony worked with American buyout firm TPG Capital in 2014 to invest about US$1 billion in a new Hollywood movie studio, STX Entertainment, to make films for worldwide distribution. As of 31 March 2018, 65% of Lenovo stock was held by the general public, 29% by Legend Holdings, 5.8% by … Hony increased its equity in Santos from 1.4% to 7.9% via this transaction. Chinese Owner of Lenovo to Buy Major Stake in Luxembourg Bank Asia Strategy Stock markets. Hony Capital is a Chinese private equity firm, owned by Legend Holdings. We can see that Private Companies own 37%, of the shares on issue. Hony Capital is a Chinese private equity firm, owned by Legend Holdings.Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. When such a trade goes wrong, multiple parties may compete to sell stock fast. Legend Holdings Corporation has 186 total employees across all of its locations and generates $58.74 billion in sales (USD). 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