Summary by Futu AI
Capital Realm Financial Group Limited announced on October 23, 2024, that the planned new share placement agreement under the general authorization was invalidated due to the conditions not being met. The placement agreement was originally announced on October 2, 2024, but since the conditions were not met by October 23, the agreement and related placements have been terminated without significant adverse impact on the company's business, operations, and financial condition. The board of directors stated that the company will consider future market conditions and development needs, may participate in further fundraising activities, and will make further announcements at the appropriate time. Shareholders and potential investors should act prudently.