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