PAX Global Technology Enhances Compliance Following Connected Transaction Discovery

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialPAX Global Technology ( (HK:0327) ) has issued an update. PAX Global Technology Limited announced the completion of an acquisition involving the purchase of 100% ownership of a Target Company, which was later identified as a connected transaction due to its association with Vendor A, a connected person of the company. The company has since received a refund of 90% of the acquisition consideration and has terminated the service contract with a related director. In response to this incident, PAX Global Technology has enhanced its internal procedures to ensure better regulatory compliance and conflict of interest management. The most recent analyst rating on (HK:0327) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on PAX Global Technology stock, see the HK:0327 Stock Forecast page. More about PAX Global Technology PAX Global Technology Limited is an investment holding company primarily engaged in the development and sales of electronic funds transfer point-of-sale products, known as E-payment Terminal Products. The company provides maintenance, installation, and payment solution services, distributing its products worldwide in over 100 countries mainly through distributors. Average Trading Volume: 3,543,412 Technical Sentiment Signal: Hold Current Market Cap: HK$5.49B