Graphex Group Limited (HK:6128) has released an update.
Graphex Group Limited has conditionally agreed to issue 43,689,383 new shares at HK$0.125 each, totaling HK$5,461,000, to subscriber Chen Stephen Hing Ming, which will result in a slight dilution of existing shares. This transaction, under the General Mandate, is set to settle an outstanding US$700,000 loan owed by the company. Shareholders and potential investors are cautioned that the deal is conditional and may not be finalized.
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