China-focused private equity firm HAO Capital has sold its remaining 7.6 percent stake in Hong Kong-listed PAX Global Technology, an electronic fund transfer point-of-sale terminal supplier, for US$44 million. HAO’s realized proceeds total US$142 million on an original investment of US$30 million, bringing the gross multiple for the entire investment to a reported 4.7x. HAO, which first invested in the company in 2007, sold a 15.1 percent stake in the company for US$78 million in January 2014.