PAX Global Technology (HK:0327) has released an update.
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PAX Global Technology Limited has announced the strategic acquisition of a company specializing in electronic payment terminals in Australia and New Zealand, aiming to bolster its global sales network and operational efficiency in the region. This acquisition is expected to enhance the Group’s market responsiveness, reduce costs, and improve brand recognition locally. The deal, seen as a growth catalyst, will be funded through internal resources and settled in up to three tranches based on performance metrics.
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