Legend sets price limit for spin-off

HONG KONG, China -- China's largest personal computer maker Legend Holdings Ltd has set the offer price for its proposed spin-off Digital China Holdings Ltd at between HK$3.00 and HK$3.68.

The company said in a statement Monday the final issue price was expected to be announced by May 31.

But Legend said the proposal to spin off Digital China on the Hong Kong stock exchange's main board may or may not proceed.

Legend took 29 percent of the Chinese personal computer market and 10 percent of the Asian market last year, company founder Liu Chuanzhi said last week.

Digital China distributes foreign personal computers in China and provides systems integration services and products.

Legend Holdings traded at HK$5.65 Monday afternoon, down 15cents

Reuters contributed to this report.

Legend Holdings

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