Intuitive Investments sells Touchless Innovations to focus on Hui10
Intuitive Investments Group PLC on Friday said it has completed the sale of Touchless Innovations Ltd to its original owner Stuart White.
Manchester, England-based investment firm IIG explained the move as part of plans to prioritise Beijing-based investee Hui10 Inc.
Hui10 is a technology company which is digitising the Chinese lottery system. IIG aims to help the firm speed up its service roll-out in China.
The divestment represented 100% of shares in Touchless Innovations, also known as Sanondaf, a disinfectant and decontamination technology business.
White bought Sanondaf by returning his shares in IIG. The consideration was 753,895 IIG shares at 119 pence each, for a total £900,000.
This was transferred directly into IIG Assets, the firm’s newly-formed employee benefit trust, intended to settle outstanding share option awards, IIG said.
Chief Executive Giles Willits added: ‘IIG wishes Stuart and the team all the best with the future of the Sanondaf business and we look forward to further focusing our attention on Hui10 as the accelerated rollout of its products and services promise to grow into a significant business opportunity, delivering substantial revenue growth and shareholder value.’
IIG shares were flat at 102.50 pence on Friday morning in London.
Copyright 2025 Alliance News Ltd. All Rights Reserved.