Graphex Group Limited Sponsored ADR (GRFX) has released an update.
Graphex Group Limited has announced the issuance of 2,400,000 new shares as consideration for the appointment of Maxim Group LLC as the company’s consulting advisor in the United States. The shares, which represent about 0.27% of the existing issued shares, will be used to compensate Maxim for services including strategic planning, capitalization advice, and investor relations. The deal, conducted under the general mandate without requiring further shareholder approval, aims to broaden the company’s shareholder base and enhance corporate communication strategies.
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