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Pan Asia Environmental Protection Group Ltd. ( (HK:0556) ) has shared an update.
Pan Asia Environmental Protection Group Ltd. announced a discloseable and connected transaction involving a Loan Agreement related to the development of a DR Network. The U.S. Subsidiary of the company borrowed 808,000 Filecoin tokens on an unsecured basis to fulfill its obligations under a Business Cooperation Agreement. However, after the complete disposal of its equity interest in the U.S. Subsidiary, the company is no longer a party to the Loan Agreement. The transaction was initially considered exempt from certain reporting requirements, but upon further review, it was determined that the company did not comply with specific Listing Rules, prompting the company to announce the transaction details in accordance with regulatory requirements.
More about Pan Asia Environmental Protection Group Ltd.
YTD Price Performance: 4.17%
Average Trading Volume: 49,235
Technical Sentiment Signal: Buy
Current Market Cap: HK$495M
For a thorough assessment of 0556 stock, go to TipRanks’ Stock Analysis page.