<div id="readability-page-1"><div><p>PATEO (02889.HK)<span> </span><span> +4.000 (+1.852%)  </span> <span> Short selling $905.73K; Ratio 0.784%  </span>  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)<span> </span><span> 0.000 (0.000%)  </span> <span> Short selling $893.24M; Ratio 30.837%  </span> , to acquire a controlling stake in an integrated circuit design company engaged in communications chip development.</p><p>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)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.)</p></div></div>

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<p>PATEOannounced a memorandum of understanding to acquire a controlling stake in a Chinese communications chip developer alongside Ping An Capital. The target company specializes in high-performance analog and optoelectronic chips for AI data centers, operating under a fabless model. For the fiscal year ended December 31, 2025, the target's core business revenue was approximately RMB310 million.</p>

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PATEO  Teams Up with PING AN to Acquire Controlling Stake in Communications Chip Developer