Grand Ocean Advanced Resources Completes HK$13.5 Million Private Placement, Issuing 40.92 Million New Shares
Reuters
Yesterday
Grand <a href="https://laohu8.com/S/1B6.SI">Ocean</a> Advanced Resources Completes HK$13.5 Million Private Placement, Issuing 40.92 Million New Shares
Grand Ocean Advanced Resources Co. Ltd. has announced the successful completion of a private placement of 40,920,000 new shares under its general mandate. The shares were placed to not fewer than six independent investors at an adjusted price of HK$0.335 per share, raising gross proceeds of approximately HK$13.7 million. Net proceeds after expenses are estimated at about HK$13.5 million, with a net issue price of HK$0.329 per share. The newly issued shares represent about 16.67% of the company's enlarged share capital following the placement. The company plans to use the net proceeds from the placement for general working capital and future business development. None of the placees or their associates became substantial shareholders as a result of the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Ocean Advanced Resources Co. Ltd. published the original content used to generate this news brief on October 17, 2025, and is solely responsible for the information contained therein.
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.