- Business
- Asia Tele-Net and Technology Corporation Limited (0679.HK), an investment holding company founded in 1966 and headquartered in Wan Chai, Hong Kong, principally engages in the design, manufacture and sale of electroplating machinery and other industrial machinery under its PAL brand; it also provides installation, after-sales management services and spare parts for electroplating equipment. The company operates through Electroplating Equipment, Property Investment and Treasury Management segments, with additional involvement in securities trading, property holding and investment, software development and money lending businesses. It serves customers primarily in the printed circuit board sector, which accounts for the majority of revenue, and maintains geographic operations across Hong Kong, the People's Republic of China, Taiwan, Korea, Mexico, the United States, the Philippines, the United Kingdom, India, Russia, Australia, Singapore, Canada, Türkiye, Germany, Slovakia, Macedonia, France, Vietnam, the United Arab Emirates and other international markets. In recent developments, the company acquired the entire issued share capital of Treasure Chance Limited for HK$82.4 million and Singkei Real Estate Investment Co., Limited for HK$59.3 million in 2023 via promissory notes, bolstering its property investment portfolio; it reported revenue growth to HK$236.9 million for the half-year ended June 30, 2025, driven by strong sales in the PRC PCB sector, though net profit declined 50% to HK$14.5 million amid higher administrative expenses and investment property losses; full-year 2024 results showed revenue of HK$419.1 million and a net loss of HK$13.7 million, contrasting prior profitability.