Pioneer Capital, NZVIF give up on SLI Systems after a decade

Wed, 28 Feb 2018

By Paul McBeth March 1 (BusinessDesk) - Private investment firm Pioneer Capital has quit its 9.8 percent holding in SLI Systems after a decade-long stake in the e-commerce software developer. The Auckland-based investment firm, which held the stake with the government's New Zealand Venture Investment Fund, sold 5 million shares for $1.25 million, or 25 cents a share, in an off-market trade on Feb. 27, according to a notice to the stock exchange. That followed a series of on-market sales since June last year, which have cut Pioneer's stak...

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