PAX Global Technology Unit to Buy Electronic Payment Terminal Firm For AU$5 Million

MT Newswires Live08-06

PAX Global Technology (HKG:0327) unit Pax Technology has agreed to acquire Pax Technology Australia from two vendors for AU$5.4 million, a Monday Hong Kong bourse filing said.

Pax Technology Australia engages mainly in the provision of electronic payment terminals in Australia and New Zealand.

Shares of the company closed 2% higher on Tuesday.

Price (HKD): $4.11, Change: $+0.08, Percent Change: +1.99%

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