Intuitive Investments Group plc (LSE:IIG) has completed the sale of its entire stake in Touchless Innovations Limited, also known as Sanondaf, back to the original owner, Stuart White. The £0.9 million transaction, which involved transferring 753,895 IIG shares to the company, will be used to settle outstanding share option awards through IIG’s newly established Employee Benefit Trust. This strategic move allows the group to focus on its largest investment, Hui10 Inc, a technology company driving digital transformation in the Chinese lottery market, reinforcing IIG’s commitment to expanding Hui10 and enhancing shareholder value.
Despite this strategic focus, Intuitive Investments Group faces notable financial challenges, including declining revenues and negative cash flows. Weak technical indicators and overvaluation concerns add to the risks, though recent developments around Hui10’s expansion offer potential avenues for future growth if successfully executed.
About Intuitive Investments Group Plc
Intuitive Investments Group plc (IIG) is an investment company targeting fast-growing technology and life sciences businesses across the UK, continental Europe, the US, and APAC. The company aims to generate long-term capital growth for shareholders by leveraging the Board’s industry expertise and strategic oversight.
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