Graphjet Technology says graphite now up to standards

Graphjet Technology (GTI) is now able to produce graphite that is up to the standard and the graphite produced can be used as battery anode material. With this, the Company will now move ahead to finalise collaborations, supply agreements and offtake agreements with its customers in the coming weeks. Whilst the upcoming share consolidation might reduce the number of shares trading in the market, the Company has initiated steps to increase the number of shares in the market, with the issuance and registration of additional shares to the market, subject to registration with the SEC. The Company has also engaged a prominent investment bank to plan and assist in the distribution of additional shares to the market as a step to improve the liquidity post-share consolidation.