The latest update is out from Intuitive Investments Group Plc ( ($GB:IIG) ).
Intuitive Investments Group plc announced that its investee company, Hui10 Inc., will return RMB 38 million to a previous investor due to non-performance in meeting investment conditions. Hui10 will also reclaim and cancel shares previously allocated to this investor. This action leaves IIG’s cash balance unchanged at £1.4 million and raises Hui10’s cash balance to $6.4 million, without impacting Hui10’s immediate working capital requirements.
More about Intuitive Investments Group Plc
Intuitive Investments Group plc is a closed-end investment company focusing on high-growth opportunities in the technology, life sciences, and healthcare sectors. It aims to provide investors with exposure to rapidly growing businesses in the UK, continental Europe, the US, and APAC, leveraging the board’s expertise to generate long-term capital growth.
YTD Price Performance: -19.64%
Average Trading Volume: 16,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £228.6M
For an in-depth examination of IIG stock, go to TipRanks’ Stock Analysis page.
