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Intuitive Investments Secures Up to GBP30 Million Funding for Hui10's Paperless Lottery Venture

MT Newswires·12/15/2025 05:35:51
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05:35 AM EST, 12/15/2025 (MT Newswires) -- London-listed investor Intuitive Investments Group (IIG.L) secured up to 30 million pounds sterling of equity funding for its Chinese investee company Hui10's paperless lottery project from Helikon Investments. Under the investment agreement, Hui10 will be able to draw down the funding in three tranches, subject to the achievement of certain strategic milestones. The initial 5 million-pound tranche will be available upon the signing of a contract with the China Financial Certification Authority to launch a paperless lottery pilot. Meanwhile, the remaining tranches of 7.5 million pounds and 17.5 million pounds can be drawn following instructions from the Ministry of Finance on the launch of a paperless lottery pilot and the nationwide rollout of the paperless lottery, respectively. The deal has a long stop date of Aug. 31, 2027.