Graphex Group Announces Share Transaction Completion

Graphex Group Limited Sponsored ADR (GRFX) has released an update.

Graphex Group Limited has completed a share transaction involving the issuance of 2,400,000 new shares under General Mandate to Maxim Partners LLC, affecting a marginal 0.27% change in the company’s existing share capital. This strategic move not only alters Graphex’s shareholding structure but also marks a significant step in the company’s financial maneuvers, as detailed in an announcement dated 26 March 2024. The transaction received approval from the Stock Exchange for listing and dealing in the new shares.

For further insights into GRFX stock, check out TipRanks’ Stock Analysis page.