Pateo Connect to raise $75 million in third share sale this year
Smart cockpit and connected-vehicle solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced on Tuesday it plans to place up to 4.89 million new shares to raise about HK$578 million…
Pateo Connect makes strategic shift with drive into kitchen, toilet digitalization
The automotive cockpit maker has agreed to buy a controlling stake in Guangzhou Seagull to expand into China's fast-growing smart home market Key Takeaways: Pateo Connect will buy 20% of…
Pateo Connect raises $49 million in new share sale at 17.6% discount
Smart cockpit and connected vehicle solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced on Wednesday that it will sell 2.26 million new shares for HK$173.40 each, representing a 17.6%…
BRIEF: Pateo Connect’s first-quarter revenue doubles on high-end strategy
Smart cockpit technology maker Pateo Connect Technology (Shanghai) Corp. (2889.HK) on Wednesday said its revenue more than doubled in the first quarter, as its operating profit margin also improved significantly…
BRIEF: Pateo sells remaining Avita stake for $8.78 million
Smart cockpit solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced last Friday that its non-wholly owned subsidiary, Huzhou Chuangsheng Chiming Equity Investment Partnership Enterprise, has agreed to sell its…
In ‘Warring States Era’ for smart cockpits, Megatronix bets on modular approach
After dropping its largest customer, the smart cockpit maker is trying to prove its superior profitability with a "Modularization + Multi-Domain Integration" strategy Key Takeaways: Megatronix has filed for a…
Pateo Connect revs up for IPO, belching widening losses and slumping margins
A mounting flow of red ink and external risks could turn off investors to one of China’s leading smart cockpit makers as it drives towards a Hong Kong listing Key…
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