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    PATEO CONNECT jumps on plan to buy control of integrated circuit designer

    Picture of Ping An Insurance (Group) Co of China logoPing An Insurance (Group) Co of China
    03/06/2026 04:16
    BUZZ-PATEO CONNECT jumps on plan to buy control of integrated circuit designer
    ** Shares of China-based smart cockpit solutions provider PATEO CONNECT Technology (Shanghai) Corporation 2889.HK jump 12.2% to HK$242.4, on track for the biggest one-day pct gain since May 27 
    ** Stock touches the highest level since May 29 
    ** PATEO CONNECT teams up with Ping An to buy control of an integrated circuit design enterprise specialized in the development of high-performance communication chips
    ** The deal aims to facilitate the company's strategic expansion into the upstream chip sector, it says
    ** YTD, PATEO CONNECT stock up 7%, while Hang Seng TECH Index .HSTECH down 7.9%
    
    
    
  

     (Reporting by Donny Kwok)
     ((donny.kwok@thomsonreuters.com))

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