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BRIEF-Advanced card systems proposes disposal of shares by HNA Ecotech Pioneer
April 19, 2017 / 1:31 PM / 8 months ago

BRIEF-Advanced card systems proposes disposal of shares by HNA Ecotech Pioneer

April 19 (Reuters) - Advanced Card Systems Holdings Ltd

* Controlling shareholder to assist co in restoring its public float entered into a secondary block trade agreement

* Controlling shareholder to appoint agent to procure purchasers for 53.2 million shares at hk$2.66 per share

* Upon completion of disposal, controlling shareholder, HNA Ecotech Pioneer expected to hold 75% of issued share capital of co Source (bit.ly/2pBxbim) Further company coverage:

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