Asia
Info-Tech Systems Executive Chairman Sells 24.3 Million Shares; Shares Down 5%
Info-Tech Systems (SGX:ITS) executive chairman, Peter Lim Kim Heng, undertook a sale of around 24.3 million shares via a block trade, according to a Tuesday filing with the Singapore Exchange.Heng named Oversea-Chinese Banking Corp. or OCBC as the placement agent, with the share sale a strategic initiative to diversify and institutionalize the company's shareholder base.Following the sale, the company's chairman has a 19.2% stake in Info-Tech.Shares of the provider of human resource management systems were down over 5% in Tuesday trading.
SGX:ITS
