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