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... Menggu Cloud. This part of the shares will be repurchased by Menggu Cloud from Phaeton in cash. The repurchase amount is nearly 80 million US dollars, which exceeds the B round of financing of Menggu Cloud. half of the amount.

After the liquidation, Mengguyun issued 180 million new shares of Mengguyun to Phaeton shareholders, and removed the original Phaeton company organization after financial merger.

Since then, Phaeton has ceased to exist. In its place is the new and larger Meng ...

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