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PATEO (02889.HK) Teams Up with PING AN (02318.HK) to Acquire Controlling Stake in Communications Chip Developer
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PATEO (02889.HK) announced that it has entered into a memorandum of understanding for a share acquisition and intends to act as a buyer together with Ping An Capital, the core private equity investment platform of PING AN (02318.HK), to acquire a controlling stake in an integrated circuit design company engaged in communications chip development. The target company is a joint stock limited company incorporated in China and specializes in the development of high-performance communications chips. It operates under a fabless business model and is principally engaged in the research and development, design and sales of high-speed optoelectronic chips, high-performance analog chips and related modules. Its optoelectronic chip products are among the core chips used in optical modules for AI data centers and represent a relatively scarce segment driven by domestic substitution demand. For the financial year ended 31 December 2025, revenue from the target companys core business amounted to approximately RMB310 million. (ad/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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