Intuitive Investments Group (LSE:IIG) said its core portfolio company, Hui10, has entered into a landmark agreement with China Financial Certification Authority (CFCA), the state-backed digital certification body under China UnionPay. The partnership will see Hui10’s patented technology embedded into CFCA’s infrastructure as part of a provincial-level pilot programme for paperless lottery participation, with the project designed as a precursor to a potential nationwide rollout across China.
The agreement formalises Hui10’s collaboration with a Ministry of Finance–approved institution to jointly develop secure digital standards covering lottery ticket issuance, prize redemption and automated tax settlement. These processes will be enabled through UnionPay-certified point-of-sale terminals, further integrating Hui10’s platform into China’s core payments and financial systems and strengthening its role in the ongoing modernisation of the country’s lottery sector.
In parallel, the deal activates the first £5 million equity tranche under Hui10’s existing Helikon Investment Agreement, which values the business at £200 million. Intuitive Investments expects to raise up to an additional £15 million on identical terms. Management has indicated that completion of this funding, together with potential future Helikon commitments, should be sufficient to support Hui10’s growth strategy without the need for further capital injections.
From a market perspective, Intuitive Investments’ outlook continues to be weighed down by weak financial metrics, including ongoing losses, negative cash flow and valuation indicators such as a negative price-to-earnings ratio. These pressures are partially offset by constructive technical signals, with the share price trading above key moving averages and a positive MACD, alongside supportive corporate developments linked to Hui10’s financing and strategic partnerships.
More about Intuitive Investments Group Plc
Intuitive Investments Group plc (IIG) is an investment company providing shareholders with exposure to a portfolio of high-growth businesses across the UK, Europe, the US and the Asia-Pacific region. Its principal investment, Hui10 Inc., is a technology company focused on digitising China’s lottery market. Hui10 integrates its platform with UnionPay’s national payments network to broaden lottery participation and deliver omnichannel retail and anti-counterfeiting solutions to around 200,000 lottery-only outlets through its Lucky World and Lottery HongBao products.
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