Grand Ocean Advanced Resources Co., Ltd. (HK:0065) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Grand Ocean Advanced Resources Co., Ltd. has entered into a Shareholder’s Loan Agreement with the Target Company, providing a non-interest bearing loan of RMB 36 million to repay funds used for mine infrastructure and machinery. The loan, funded by internal resources, aims to proportionately boost the Target Company’s capital, reflecting the company’s 52% ownership stake. The board deems the agreement fair and in the shareholders’ best interests.
For further insights into HK:0065 stock, check out TipRanks’ Stock Analysis page.