Sea Limited shares fall 5.07% intraday after signing a strategic cooperation agreement with PGZ SA.

Sea Limited dropped 5.07% in intraday trading. The decline may be attributed to the company's announcement of a strategic cooperation agreement with PGZ SA, the Polish Armaments Group, to expand their collaboration across sea and air domains. This agreement, signed during the defence industry exhibition MSPO in Kielce, Poland, aims to enhance cooperation in building defence systems and solutions, which may not directly impact the company's core business in e-commerce and digital entertainment.