Automated Systems Reduces Stake in GDH

Automated Systems Holdings Limited (HK:0771) has released an update.

Automated Systems Holdings Limited recently sold 913,387 shares, roughly 1.19% of GDH Shares, through a block trade for about $11.7 million, at a price discounted by 8.90% from the last NASDAQ closing. This transaction, which complies with the necessary reporting requirements, will reduce the company’s holdings to approximately 18.12% but GDH will still remain an associate company.

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