SMiT Makes Further Investment in a US advanced Touch Solution Company
HONG KONG, Nov. 29, 2018 /PRNewswire/ -- SMiT Holdings Limited ("SMiT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a world leading CAM supplier and a major mPOS supplier in China has announced that on 9 November 2018, SMiT Holdings (HK) Limited ("SMiT HK"), a wholly-owned subsidiary of the Company completed a further USD 5 million investment by way of preferred stock purchase (the "Stock Purchase") in Sensel, Inc. ("Sensel") pursuant to a stock purchase agreement (the "Stock Purchase Agreement"). Upon completion of the Stock Purchase, SMiT HK held approximately 9.22% interest in Sensel on fully diluted basis.