Graphex Wins Shareholder Mandate for Potential Asset Disposal but Outcome Remains Uncertain

An update from Graphex Group Limited ( (HK:6128) ) is now available.

Shareholders of Graphex Group Limited have overwhelmingly approved an ordinary resolution at an extraordinary general meeting held on 20 March 2026, granting the board an 18‑month mandate to enter into a definitive agreement for a possible disposal under an option structure agreed with a purchaser. The vote, with 100% of poll votes cast in favour and no restrictions on shareholder participation, enables the company to advance the proposed disposal on previously outlined principal terms, though completion still depends on the purchaser’s discretionary exercise of the option and the outcome of due diligence on the disposal target, leaving transaction certainty unresolved for investors.

With the mandate in place, Graphex intends to work closely with the purchaser during the option term to facilitate due diligence on the disposal company and to push forward the potential transaction. The board has cautioned shareholders and potential investors that the disposal may or may not proceed, and has committed to provide further updates in line with Hong Kong listing requirements, underscoring both the strategic significance of the contemplated asset sale and the ongoing deal execution risk facing stakeholders.

The most recent analyst rating on (HK:6128) stock is a Sell with a HK$0.26 price target. To see the full list of analyst forecasts on Graphex Group Limited stock, see the HK:6128 Stock Forecast page.

More about Graphex Group Limited

Graphex Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the new materials sector for electric vehicles. The group focuses on advanced graphite and related materials used in EV batteries and other energy storage applications, positioning itself within the fast-growing electric mobility and clean energy supply chain.

Average Trading Volume: 37,261,165

Technical Sentiment Signal: Sell

Current Market Cap: HK$61.19M

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