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China tech

China's PAX Global to face investors after addressing FBI raid

Shares of payment terminal maker to resume trading on HKEX after 43% plunge

PAX said it did not "envisage any material financial impact" from last week's raid by U.S. law enforcement agencies on its operations in Florida.   © AP

HONG KONG -- Shares of Chinese payment terminal maker PAX Global Technology are set to resume trading on Monday after crashing last week amid media reports of a law enforcement task force raid on its warehouse and office in Jacksonville, Florida.

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