Brief: Advanced Card Systems says HNA Ecotech Pioneer Acquisition entered sale and purchase agreement

Leadway Technology Investment

12/01/2017 22:21

Jan 13 (Reuters) - Advanced Card Systems Holdings Ltd 
 2086.HK  
    * On 9 January 2017 vendors and offeror entered into sale 
and purchase agreement 
    * application has been made by company for resumption of 
trading in shares on stock exchange with effect from 9:00 a.m. 
On 13 january 2017. 
    * deal for total cash consideration of hk$521.8mln, being 
approximately hk$2.66 per share 
    * vendors to sell aggregate of 196.2 million shares, 
representing approximately 61.39% of entire issued share capital 
of co 
    * offeror is HNA Ecotech Pioneer Acquisition 
 
Source text for Eikon:  ID:nHKS9tsdzG  
Further company coverage:  2086.HK  
 
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