PAX Global Technology Ltd. listed in Hong Kong’s Stock Exchange successfully!
Hong Kong — December 20, 2010 — PAX officially listed its shares today on the Hong Kong stock exchange (Stock code 327, PAX GLOBAL).
In typical tradition, at 09:00 am, Tiger Nie, Chairman of PAX, announced the arrival of PAX on the public market and celebrated the diligence and success of PAX to date.
PAX is an electronic fund transfer point-of-sale (EFT-POS) terminal solutions provider, principally engaged in the development and sales of EFT-POS products and provision of related services. In 2009 the company ranked No.1 in China in sales volume of EFT-POS terminals, with a 32.5% market share, and according to Nilson report, its shipments worldwide ranked the company No. 8 internationally.
This initial public offering confirms PAX’s position as a leading payments industry supplier, enabling greater R&D investment and growth of sales and technical support networks in international markets.
Tiger Nie, Chairman of PAX said, "We are all extremely proud of our IPO today. PAX remains committed to its core mission of providing customers with superior quality products using state of the art technology and software. Given our success in local Asian markets we are now focusing on internationalizing our brand. PAX seeks to cooperate with its fellow payment industry players and we are always looking for reputable channel partners worldwide to provide customers with our innovative EFT-POS solutions."
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| President JiangHongChun (left), Chairman NieGuoMing, vice President LuJie (right) in HK exchange hall. |
Congratulations PAX Global Technology Ltd. listed. | |
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| Chairman NieGuoMing and HK exchange person-in-charge. |
Cheers for PAX listed. | |
About PAX Technology Limited
PAX is a global leader in providing secure electronic payment systems. The company has been serving the global payments marketplace since 2001 and is now one of the largest POS manufacturers in the world. In 2009, PAX ranked 8th in terms of annual shipments for POS vendors, according to The Nilson Report. With shipments over 300,000 units in 2009, PAX remains one of the fastest growing POS terminal manufacturers in the world.
www.pax.us
Contact Information
PAX Technology, Inc.
Carmen Paraschiv
VP of Strategic Development
marketing@pax.us
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