PATEO (02889) completes the acquisition of 70% of the issued shares of Chengdu Mingyi Electronic Technology
PATEO (02889) announces that on August 7, 2026, the Company entered into a share transfer agreement with the transferors, the actual controller of the target company, and the target company Chengdu Mingyi, pursuant to which the Company conditionally acquired approximately 70% of the equity interest in Chengdu Mingyi (53,518,600 shares), for a total consideration not exceeding RMB 1.4 billion. The transaction was completed on October 2, 2026 in accordance with the terms and conditions of the share transfer agreement. Following the completion, the Company holds a total of 53,518,600 shares in the target company, representing approximately 70% of the total issued shares of the target company. The target company has become a non-wholly-owned subsidiary of the Company, and the financial results of the target company will be consolidated into the Group's consolidated financial statements.
PATEO (02889) announces that on August 7, 2026, the Company entered into a share transfer agreement with the transferor, the actual controller of the target company, and the target company Chengdu Mingyi, pursuant to which the Company conditionally acquired approximately 70% equity interest in Chengdu Mingyi (53,518,600 shares), for a total consideration not exceeding RMB 1.4 billion. The transaction was completed on October 2, 2026 in accordance with the terms and conditions of the share transfer agreement. Following the completion, the Company holds a total of 53,518,600 shares of the target company, representing approximately 70% of the total issued shares of the target company. The target company has become a non-wholly-owned subsidiary of the Company, and the financial results of the target company will be consolidated into the Group's consolidated financial statements.
Related Articles
Optimistic about continued growth in AI inference demand, Freedom upgrades Cerebras (CBRS.US) rating to "Buy," wafer-scale chip advantages draw attention.
US Stock Market Move | Planning to Raise $60 Billion to Pave the Way for Computing Power for AI Companies Broadcom Inc.(AVGO.US) Rose About 2.9%
Muse user growth momentum is strong, but long-term monetization prospects remain uncertain; BNP Paribas maintains an "Outperform" rating on Meta (META.US).
Optimistic about continued growth in AI inference demand, Freedom upgrades Cerebras (CBRS.US) rating to "Buy," wafer-scale chip advantages draw attention.
US Stock Market Move | Planning to Raise $60 Billion to Pave the Way for Computing Power for AI Companies Broadcom Inc.(AVGO.US) Rose About 2.9%
Muse user growth momentum is strong, but long-term monetization prospects remain uncertain; BNP Paribas maintains an "Outperform" rating on Meta (META.US).
