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Placement agreement for proposed issue of KOP shares lapses

KOP Limited announced on Wednesday that the placement agreement for the proposed issue of up to 221.6 million shares in the company has lapsed.

The parties will not extend it as the potential subscriber is not able to solve its funding issue due to "certain currency controls".

The placement agreement will no longer have any effect, and the parties involved will have no further obligations or claims against each other.

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