Pateo Technology Lists on Hong Kong Stock Exchange, Expanding Global Business Presence

Pateo Technology leverages Hong Kong listing to strengthen global capital and technology strategy and drive smart mobility innovation

​Invest Hong Kong (InvestHK) announced that PATEO CONNECT Technology (Shanghai) Corporation (Pateo Technology), a leading Mainland provider of smart cockpit and intelligent vehicle connectivity solutions, was listed on the Main Board of the Hong Kong Stock Exchange today (September 30). This move marks another new step in the group's global business expansion, following the establishment of its overseas regional headquarters in Hong Kong in February this year.

Associate Director-General of Investment Promotion at InvestHK Ms Loretta Lee said, "We are delighted to witness Pateo Technology's choice of Hong Kong as a key hub for its global capital and technology strategy. As an international financial and innovation hub, Hong Kong offers a robust capital market, world-class professional services, and a highly open business environment, providing strong support for Mainland enterprises to expand into international markets. We will continue to attract overseas enterprises and assist Mainland enterprises to go global, helping innovation-driven companies leverage Hong Kong as a springboard to expand internationally, and reinforcing the city's role as a bridge between the Mainland and the world."

The Founder and Chairman of the Board of Pateo Technology, Mr Ying Zhenkai, said, "Hong Kong possesses an important international capital market role and a robust professional and technology talent pool. Following our listing, we plan to enhance Pateo Technology Hong Kong's strategic position in three areas: as a capital hub, a technology platform, and with regional synergy, further deepening our global footprint. Leveraging Hong Kong's mature international financial centre advantage, we will explore the expansion of smart cockpit domain controller production. We are also engaging with top industry talent to further expand Pateo Technology Hong Kong's professional team."

Pateo Technology establishes its overseas regional headquarters in Hong Kong to support its parent company in areas such as listing compliance and financing.

For more information about Pateo Technology, please visit www.pateo.com.cn.

For a copy of the photo, please visit: www.flickr.com/photos/investhk/albums/72177720329350254.

Pateo Technology leverages Hong Kong listing to strengthen global capital and technology strategy and drive smart mobility innovation Source: HKSAR Government Press Releases

Hong Kong Customs seizes suspected dangerous drugs worth over $10.9 million

Hong Kong Customson December 12 and yesterday (December 18) seized a total of about 20 kilograms of suspected liquid methamphetamine, 10 suspected cannabis oil vape capsules, about 4 grams of suspected cannabis buds, about 3 grams of suspected cocaine and about 270 grams of suspected cracked cocaine with an estimated market value of over $10.9 million at Hong Kong International Airport and in Tsim Sha Tsui.

Through risk assessment, Customs inspected two air parcels, declared as food and candy and arriving in Hong Kong from Mexico on December 12. Upon inspection, Customs officers found that the parcels contained about 20 kilograms of suspected liquid methamphetamine disguised as protective liquid for natural stones in five plastic bottles.

After a follow-up investigation, Customs officers conducted a controlled delivery operation yesterday and arrested two female suspects in Yuen Long and Tsim Sha Tsui, aged 28 and 45 respectively. Later, Customs further seized about 10 suspected cannabis oil vape capsules, about 4 grams of suspected cannabis buds, about 3 grams of suspected cocaine and about 270 grams of suspected cracked cocaine upon premises search in Tsim Sha Tsui. The investigation of the case is ongoing.

Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not to participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people, nor to release their personal data or home address to others for receiving parcels or goods.

Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

Customs reminds people to pay attention to the fact that drug trafficking is a serious criminal offence. Criminal conviction will result in grave repercussions for their future and they should not take risks in the hope that they may not be caught. Members of the public may report any suspected drug trafficking activities to Customs' 24-hour hotline 182 8080 or its dedicated crime reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002/).

Source: AI-found images