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CITIGROUP says Legend Holdings (03396.HK) is reportedly seeking to sell about 90% of Luxembourg private bank Banque Internationale à Luxembourg (BIL), a unit Citi estimates represents roughly 9% of Legend’s NAV. Reported preliminary bids, due around

2026-09-21

CITIGROUP says Legend Holdings (03396.HK) is reportedly seeking to sell about 90% of Luxembourg private bank Banque Internationale à Luxembourg (BIL), a unit Citi estimates represents roughly 9% of Legend’s NAV. Reported preliminary bids, due around end-September, imply a 100% BIL value of at least €2.5bn (~HKD22.5bn), about 3% above Citi’s latest valuation of ~HKD21.8bn (0.9x book at end-1H2026). BIL has been a stable profit contributor, but Citi expects its share of Legend’s net profit to fall to 10–13% in FY2027–28 as Lenovo Group (00992.HK) drives stronger earnings growth. Citi views a BIL sale as a step toward diving non-core assets and refocusing Legend as a tech holding; if executed, Citi estimates it could cut Legend’s NAV discount by as much as ~75%. Citi maintains a Buy rating on Legend Holdings.

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2026-09-21

Yushu Technology launched the Dex5-S dexterous hand; all 22 joints are backdrivable and each joint includes built-in limit impact torque protection.

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2026-09-21

After exit polls in Berlin and Mecklenburg-Western Pomerania showed the far‑right leading in the state vote, Chancellor Merz said the result was a disaster for his CDU, signaling falling public trust in state institutions and introducing new challeng

After exit polls in Berlin and Mecklenburg-Western Pomerania showed the far‑right leading in the state vote, Chancellor Merz said the result was a disaster for his CDU, signaling falling public trust in state institutions and introducing new challenges and uncertainty. He said Germany cannot return to the past and must change; he accepted responsibility and said, as party leader and chancellor, he is prepared to push the country forward, which will require resolve, steadiness and patience.
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