Grand Ocean Advanced Resources Co., Ltd. (HK:0065) has released an update.
Grand Ocean Advanced Resources Co., Ltd. has provided additional information on its Shareholder’s Loan following the completion of its Revised Acquisition, making the Target Company an indirect non-wholly-owned subsidiary. The loan was used to repay funds advanced by the Vendors to the Target Company and is repayable on demand, with the mutual agreement of all shareholders, without a fixed date. This announcement supplements previous disclosures without changing their content.
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