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Intuitive Investments Group PLC on Wednesday launched an equity fundraise to support its digital lottery investee in China. The Manchester, England-based investment firm focuses on high growth sectors including technology and life sciences. Intuitive Investments said it will raise around £9.6 million by issuing 9.6 million new shares at 100 pence each. The funds will be directed to Hui10 Inc, a Beijing-based technology company which is digitising the Chinese lottery system, and will speed up the roll-out of its services. As part of the fundraise, Intuitive Investments Non-Executive Chair Nigel Rudd subscribed for 140,000 new shares which is around 0.9% of capital, the firm reported. Dealings in the new shares will become effective on or around June 16. After their admission to trading, Intuitive Investments’s issued capital will comprise an estimated 214.6 million shares. The firm currently has no shares in treasury, it noted. The company’s stock price was down 12% at 108.00 pence each on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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