Brief: Advanced Card Systems to implement internal restructuring
10/05/2016 23:04
May 11 (Reuters) - Advanced Card Systems Holdings Ltd 2086.HK : * Advanced card systems-group will implement an internal restructuring to consolidate certain research and development functions to Shenzhen * Says restructuring will involve the departure of up to 70 staff and the termination of lease agreements * Says the restructuring is expected to be completed by or before September 2016 * Says restructuring is expected to be completed by or before September 2016 * As a result of restructuring, co estimates non-recurring loss of a maximum of approximately HK$5.0 million * Source text for Eikon ID:nHKS2fBW9N ((For more news, please click here 2086.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))