Pangaea Connectivity Technology Ltd. Announces Plans for Strategic Joint Venture with Mile Green, Exploring Southeast Asia Real Estate and Electric Vehicle Assets
Reuters
Oct 06
Pangaea Connectivity Technology Ltd. Announces Plans for Strategic Joint Venture with Mile Green, Exploring Southeast Asia Real Estate and Electric Vehicle Assets
Pangaea Connectivity Technology Limited has announced a potential collaboration with Mile Green, as outlined in a recent supplemental announcement. The company is expected to subscribe for a non-controlling stake in a newly established strategic joint venture, referred to as "NewCo." Mile Green will hold the controlling stake and contribute income-generating assets to the venture, which may include real estate in Southeast Asia and/or electric vehicle income streams. The final structure of the collaboration is subject to the signing of a legally binding agreement. Shareholders and investors are advised to exercise caution, as the collaboration may or may not proceed.
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