PATEO Announces Placement of Shares at HK$173.40 Each to Raise Approximately HK$382 Million Net
Deep News
Jun 17
PATEO (HKEX: 02889) has announced that on June 17, 2026, before market hours, the company entered into a placement agreement with a placing agent. The agreement involves the issuance of 2,259,300 new H shares at a placement price of HK$173.40 per share.
The net proceeds from the placement are expected to be approximately HK$382 million. The company intends to allocate about 80% of these funds for potential future strategic mergers, acquisitions, and investments. The remaining 20% will be used for working capital and general corporate purposes.
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