Graphex Group Limited Sponsored ADR (GRFX) has released an update.
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Graphex Group Limited has successfully completed the allotment and issuance of 43,689,383 new shares, which accounts for 4.50% of the enlarged issued share capital post-completion. This strategic move does not generate immediate cash but offsets HK$5,461,000 of the company’s liability, aiming to enhance its overall liquidity. The shareholding structure of the company has notably shifted with the completion of this share issue.
For further insights into GRFX stock, check out TipRanks’ Stock Analysis page.