Process Automation International Limited Acquires Deposit Product Worth RMB15 Million

Reuters
Jul 08
Process Automation International Limited Acquires Deposit Product Worth RMB15 Million

Process Automation International Limited, an indirect wholly-owned subsidiary of Asia Tele-Net & Technology Corporation Ltd., has successfully acquired a Deposit Product with a total nominal value of RMB15,000,000. The acquisition, valued at approximately HK$16,357,000, marks a significant transaction for the subsidiary. Process Automation International Limited is based in Hong Kong and specializes in the design, manufacturing, and sale of electroplating machines. The acquisition aims to enhance the company's financial portfolio through the interest-bearing instruments provided by the Issuer, the Tokyo branch of Industrial and Commercial Bank of China Limited.

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