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2026
Pateo Connect to acquire 20% of Haiou Zhugong for 800 million yuan
Pateo Connect (2889.HK) agreed to acquire 129 million shares, or 20% of Haiou Zhugong (002084), for 800 million yuan at about 6.19 yuan per share, a premium of roughly 72.42% over the pre-suspension close of 3.59 yuan on August 14. The deal would make Pateo Connect the controlling shareholder and Ying Zhenkai the actual controller of Haiou Zhugong, replacing Zhongyu Investment and Tang Taiying and Rong Qiping. Separately, Fuqing Yaohong agreed to buy 32.3674 million shares, or 5.01%, at the same price of 6.19 yuan per share for 200.4 million yuan. Haiou Zhugong is scheduled to resume trading on August 24.