March 22, 2017 / 1:37 AM / 5 months ago

BRIEF-Quam restores public float after Oceanwide Holdings' unit cut stake

March 22 (Reuters) - Oceanwide Holdings Co Ltd

* Says unit Oceanwide Holdings International Financial Development Co has sold 75 million shares in Quam Ltd on March 21, reducing its holdings to 70.73 percent after transaction

* Says the disposal of shares was to assist Quam to restore its public float in compliance with Hong Kong stock exchange regulations

Source text in Chinese: bit.ly/2mqxxYk

Further company coverage: (Reporting by Hong Kong newsroom)

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