Grand Ocean Advanced Resources (65) has completed a placing of 40,920,000 new shares under its General Mandate. The placing concluded on 17 October 2025, with the shares issued at an adjusted placing price of HK$0.335 each. This allotment represented approximately 20.00% of the company’s issued share capital before completion and about 16.67% following the enlargement.

A total of not fewer than six independent placees took part, and none became a substantial shareholder upon completion. Gross proceeds from the placing amounted to roughly HK$13.7 million, while net proceeds of around HK$13.5 million are intended for upcoming mining sector opportunities (approximately HK$3.0 million) and the group’s general working capital (approximately HK$10.5 million).

Following the placing, the shareholding structure has shifted. Major shareholders, including those holding 7.63% and 7.33% stakes prior to completion, now hold approximately 6.36% and 6.11% of the enlarged share capital, respectively. The newly issued shares account for 16.67% of the total share capital after the transaction.