
PAX GLOBAL plans to acquire all the shares of Pax Technology Australia PTY Ltd

PAX GLOBAL plans to acquire all the shares of Pax Technology Australia PTY Ltd to strengthen its global sales network and enhance brand awareness in the Australian and New Zealand markets. The acquisition cost is 5.4 million Australian dollars, which can be adjusted to a maximum of 30 million Australian dollars based on the target company's financial performance. The target company is a provider of electronic payment terminals and has shown strong growth in the past few years. This acquisition will bring growth opportunities to the group, achieve better resource planning and efficiency, and enable rapid response to market changes
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