PATEO CONNECT Partners with Minsheng Bank

MT Newswires Live04-09

PATEO CONNECT Technology (Shanghai) (HKG:2889) entered into a strategic cooperation agreement with Minsheng Bank, according to a Thursday Hong Kong bourse filing.

Under the contract, Minsheng Bank listed the firm as its client and agreed to provide it with indicative credit facilities of up to 2.5 billion yuan, as well as other comprehensive financial services.

The credit facilities will help the smart cockpit domain controller provider for new energy vehicles meet its capital needs related to business and industrial mergers and acquisitions.

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