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Grand Ocean Advanced Resources Co., Ltd. ( (HK:0065) ) has shared an update.
Grand Ocean Advanced Resources Co., Ltd. announced an extension of the long stop date and an adjustment of the placing price for its new shares under a general mandate. The long stop date has been extended to October 17, 2025, to allow more time for the Placing Agent to secure investors. The placing price per share has been reduced to HK$0.335, reflecting a discount to recent market prices. The company plans to use the proceeds from the placing to fund exploration and investment opportunities in the mining sector and for general working capital.
The most recent analyst rating on (HK:0065) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Grand Ocean Advanced Resources Co., Ltd. stock, see the HK:0065 Stock Forecast page.
More about Grand Ocean Advanced Resources Co., Ltd.
Grand Ocean Advanced Resources Co., Ltd. is a company incorporated in the Cayman Islands, focusing on the mining sector. It is involved in exploring potential investment opportunities and managing general working capital needs.
Average Trading Volume: 368,791
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$82.87M
Find detailed analytics on 0065 stock on TipRanks’ Stock Analysis page.