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Hong Kong Stock Exchange

Hong Kong Exchanges and Clearing Ltd is the holding company for the city’s stock exchange, futures exchange and clearing company. Its market capitalisation makes it one of the world’s biggest listed companies.

 

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Products from Advanced Card Systems. Photo: Gary Mak

ACS soars to all-time highs on HNA takeover offer

Advanced Card Systems, a top supplier of PC-linked smart card readers in Asia, saw its shares surge as much as 17 per cent on Friday to all-time highs, after it announced a subsidiary of Hainan Airlines had agreed to purchase a majority stake for HK$521.8 million in cash.