[ET Net News Agency, 19 February 2021] Legend Holdings Corporation (03396) said its
subsidiary Levima Advanced Materials has entered into an indicative framework agreement
and intends to buy the target assets.
The target assets are a total of 82.5% equity interests of the target company. The
target company is mainly engaged in the production and sales of methanol. If the proposed
acquisition can be completed, the target company will become a wholly-owned subsidiary of
Levima Advanced Materials. (RC)