
PANGAEA CONNECT completed the issuance of 199 million placement shares

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According to the announcement released by PANGAEA CONNECT, all conditions contained in the placement agreement have been met, and the completion was implemented on August 13, 2025. A total of 199 million placement shares (accounting for approximately 16.7% of the company's issued share capital after the placement shares are issued) have been successfully placed to no less than six subscribers at a placement price of HKD 0.180 per share in accordance with the terms of the placement agreement
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