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Pateo Connect (02889.HK) Places Shares at 10% Discount, Net Proceeds Exceed HKD110 million
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Pateo Connect (02889.HK) announced that it has placed 896,000 shares to Sanfeng Holdings under Cao Hui, representing approximately 1.18% of the enlarged issued H shares. The placing price is HKD127.35 per share, representing a discount of about 10% to the closing price of HKD141.5 yesterday (27th). The net proceeds from the placing amount to approximately HKD113.6 million. About 60% will be used for AI technology applications, product research and development, and related business expansion, while approximately 40% will be used for working capital and general corporate purposes. (jl/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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