Grand Ocean AR (00065) announced that the revision of the sale of shares by the target company, Laos Taishan Jiujiu Investment, as announced...
According to the announcement released by Grand Ocean AR (00065), the target company, Laos Taishan Jiujiu Investment, has revised the sale of shares. All preconditions stated in the supplemental agreement have been met, and the revised acquisition was completed on August 26, 2024. After the completion of the revised acquisition, the target company is directly held by Grand Ocean AR's wholly-owned subsidiary, Hongyuan Global, with a 52% stake. Therefore, the target company has become an indirect non-wholly-owned subsidiary of the company, and the financial performance of the target group will be included in the company's financial statements.