On June 18, Pateo Connect Technology rose 5.07% in regular trading, trading at 189.9 HKD/share, with turnover of HK$64.79 million. The stock staged a technical rebound after plunging approximately 16% in the prior session.

On June 17, the company announced a placement agreement to issue approximately 2.2593 million new H shares at HK$173.40 each, representing a discount of roughly 17.59% to the prior closing price of HK$210.40 and approximately 19.92% below the five-day average. Net proceeds of approximately HK$382 million are expected, with around 80% earmarked for strategic M&A in the AI industry and supply chain, targeting chips, AI Agents, and related sectors under its integrated software-hardware-chip-cloud strategy. The remaining 20% is designated for working capital.

Market sentiment recovered as investors digested the placement shock and refocused on potential catalysts, including the company's partnership with Fuyao University of Science and Technology on silicon photonics and fourth-generation semiconductors, its strategic cooperation with NVIDIA, and a previously signed MOU to acquire a controlling stake in an optical chip design firm alongside Ping An Capital.

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