[ET Net News Agency, 19 November 2018] Legend Holdings Corporation (03396) announced
that Joyvio Group Co., Ltd, a wholly-owned subsidiary of the company, enters into a stock
purchase agreement to acquire 94.47% of the voting shares in Australis Seafoods S.A.
Australis is a Chilean listed company specialised in the salmon industry. It produced
64,000 tonnes of salmon in 2017, representing 9% of total production in Chile. It owns
high-quality licenses, outperforms industry peers in terms of some of the key operational
indicators. The value of its 100% equity interest is US$880 million.
Legend considers the acquisition a valuable investment in line with its seafood industry
strategies of "overseas resources and Chinese consumption". (RC)