[Grand Ocean] Correction of 2025 Financial Report Footnotes and March 2026 Endorsement Disclosures
Grand Ocean announced a minor correction to its 2025 financial report footnotes and March 2026 endorsement disclosure details. The corrections mostly involve gross accounts receivable and bad debt adjustments, leaving the net amount unchanged.
📋 Article Processing Timeline
- 📰 Published: May 15, 2026 at 09:00
- 🔍 Collected: May 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 16, 2026 at 09:28 (1h 28m after Collected)
1. Date of occurrence: 2026/05/15
2. Company name: Grand Ocean Retail Group Limited
3. Relationship to the Company: Head office
4. Reciprocal shareholding ratios: Not applicable
5. Cause of occurrence: Update and correction of some information in the 2025 financial report footnotes and March 2026 endorsement/guarantee disclosure.
6. Item corrected: 2025 financial report footnotes and March 2026 endorsement disclosure.
7. Before correction: (Excerpts)
2025 Financials P.27: Accounts receivable: $213,062; Allowance for loss: $(88,215); Net: $124,847.
8. After correction:
2025 Financials P.27: Accounts receivable: $200,473; Allowance for loss: $(75,626); Net: $124,847.
(Note: Other minor lease deposit and restricted deposit figures were also slightly adjusted, but total liquidity remains largely identical.)
2. Company name: Grand Ocean Retail Group Limited
3. Relationship to the Company: Head office
4. Reciprocal shareholding ratios: Not applicable
5. Cause of occurrence: Update and correction of some information in the 2025 financial report footnotes and March 2026 endorsement/guarantee disclosure.
6. Item corrected: 2025 financial report footnotes and March 2026 endorsement disclosure.
7. Before correction: (Excerpts)
2025 Financials P.27: Accounts receivable: $213,062; Allowance for loss: $(88,215); Net: $124,847.
8. After correction:
2025 Financials P.27: Accounts receivable: $200,473; Allowance for loss: $(75,626); Net: $124,847.
(Note: Other minor lease deposit and restricted deposit figures were also slightly adjusted, but total liquidity remains largely identical.)