Grand Ocean Adjusts Target Company Stake

Grand Ocean Advanced Resources Co., Ltd. (HK:0065) has released an update.

Grand Ocean Advanced Resources Co., Ltd. has entered into a supplemental agreement to acquire a 52% equity interest in the Target Company, revising the terms of the original Sale and Purchase Agreement. The agreement, which took place on July 5, 2024, will result in the non-acquisition of the remaining 48% of shares held by the Remaining Shareholders. This strategic move alters the company’s initial plans for subscription in new shares, marking a significant change in its investment approach.

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