Grand Ocean AR Calls 27 Oct 2026 EGM to Approve Seven-for-One Rights Issue of up to 1.72 Billion Shares

Bulletin Express
Oct 08

Grand Ocean AR has convened an Extraordinary General Meeting for 11:00 a.m. on 27 October 2026 at Hip Shing Hong Centre, Central, Hong Kong. Shareholders will vote on a proposed rights issue of up to 1.72 billion new shares at HK$0.280 each, offered on the basis of seven rights shares for every one share held on the record date of 6 November 2026.

The rights issue is conditional on Hong Kong Exchanges and Clearing granting listing approval for the nil-paid and fully-paid rights shares. Directors are seeking authority to:

• Allot and issue the rights shares, including handling fractional entitlements and exclusions for shareholders with overseas addresses where legal or regulatory constraints apply. • Execute a placing agreement signed on 22 September 2026 with DL Securities (HK) Limited for any unsubscribed or non-qualifying shareholder rights shares. • Take all ancillary actions necessary to complete the transaction.

If approved, the maximum capital raise would total approximately HK$481.25 million (1.72 billion shares × HK$0.280).

For voting eligibility, the register of members will close from 21 October 2026 to 27 October 2026, inclusive. Transfers must be lodged by 4:30 p.m. on 20 October 2026. All EGM resolutions will be decided by poll, and results will be published on the Stock Exchange and company websites.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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