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Pateo Connect Executives Boost Shareholding

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Pateo Connect Technology (HKG:2889) CFO Zhang Fukai and director Lai Weilin have increased their stake in the company through open-market share purchases worth 4.6 million yuan, according to a Tuesday filing with the bourse.

The company said Zhang picked up an additional 40,760 H shares at HK$83.60 apiece, bringing his total to 128,848 H shares. Lai bought 21,860 H shares at HK$82.89 apiece, and now owns 80,008 H shares.

The executives bought additional shares based on the company's future growth prospects, as the current trading price didn't reflect the intrinsic value.

What else is happening in Asia?

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HKG:2595
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ASX:WCN
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SHE:200706