Intuitive Investments Group PLC on Tuesday said its investee Hui10 Inc has secured approval to expand with China Sports Lottery.
The London-based life sciences investor said Hui10’s operating business, Huishi Dehua, has bagged official authorisation from the National Sports Lottery, alongside contracts with UnionPay, to allow their Points Exchange for Lottery Tickets to be deployed nationally.
According to Intuititve Investments, PELT is a proprietary software technology, integrated within the UnionPay QuickPass Pay platform.
Hui10 is currently signing up UnionPay business clients with a target to acquire 2 million registered PELT users by end 2024, the investor added.
Shares in Intuitive Investments were up 2.0% at 12.95 pence each in London on Tuesday morning.
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