<p>GRAND OCEAN AR (00065.HK) announced the placement of up to 40.92 million new shares, equivalent to an enlarged share capital of 16.67%; the placement price is HKD 0.4, representing a discount of 14.89% compared to the last trading day (5 days ago). The total amount raised is HKD 16.4 million, with a net amount of HKD 16.1 million, intended for several potential investment opportunities identified in the mining industry; and for general working capital</p>

00065

<p>GRAND OCEAN AR announced a placement of up to 40.92 million new shares, equivalent to an expanded share capital of 16.67%; the placement price is HKD 0.4, representing a discount of 14.89% compared to the closing price on the last trading day (5th). The total fundraising amount is HKD 16.4 million, with a net amount of HKD 16.1 million intended for several potential investment opportunities identified in the mining industry; and for general working capital</p>

Grand Ocean AR offers a discount of 14.89% on its rights issue, raising HKD 16.4 million