PATEO CONNECT drops most on record, saying no obligations on NVIDIA cooperation
29/05/2026 04:29
BUZZ-PATEO CONNECT drops most on record, saying no obligations on NVIDIA cooperation ** Shares of PATEO CONNECT Technology (Shanghai) Corp 2889.HK drop 14.4% to HK$203.8, on course for the biggest one-day pct decline since debut on September 30, 2025
** Stock snaps six straight rising sessions
** China-based smart cockpit solutions provider said it held a strategic cooperation signing ceremony with NVIDIA NVDA.O in the United States on May 29
** Company says the parties have discussions on in-vehicle AI, autonomous driving, next-generation computing platforms and optical communication, but the event "does not constitute a commitment to specific rights and obligations"
** YTD, stock down 4.4%, Hang Seng TECH Index .HSTECH down 11.5%
(Reporting by Donny Kwok)
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