PATEO Announces Completion of New H-Share Placement

Deep News

06/23

The automotive connectivity company PATEO (HKG: 02889) has issued a public announcement regarding new share issuances.

On June 2, 2026, the company issued 699,400 new H-shares. This issuance was a result of employees exercising pre-IPO share options under the company's share option scheme.

Subsequently, on June 22, 2026, the company completed the placement of 2,259,300 new H-shares. This placement was conducted under a general mandate, in accordance with a placement agreement dated June 17, 2026.

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