Pan Asia Environmental Protection Group Ltd. (HK:0556) has released an update.
Pan Asia Environmental Protection Group Ltd. has announced a significant Business Cooperation Agreement through its U.S. subsidiary, Pan Asia USA, with PowerMeta for the development of the DR Network, involving an investment of 1,820,000 Filecoin tokens, valued at approximately HK$81.8 million. This transaction, being a connected transaction due to shared ownership interests, is subject to specific reporting and announcement obligations, but is exempt from requiring shareholder approval.
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