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PT Int'l Dev (00372) controlling holder sells 28.91% stake
 PT International Development (00372) said its controlling shareholder Ace Pride Holdings Limited disposed 488 million shares today,
representing about 28.91% of the issued share capital, for HK$290.8 million in cash,
equivalent to a price of about HK$0.596 per share, to Champion Choice Holdings Limited.
  Ace Pride is a company wholly owned by Suen Cho Hung, Paul, the Chairman and Managing
Director of PT International Development. Champion Choice is a company wholly owned by
Ching Man Chun, Louis, an Executive Director of PT International Development.
After such disposal, the shareholding of Ace Pride reduced to about 39.72% from 68.63%,
while Champion Choice has become a substantial shareholder. 

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