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ADRs Close Lower; Graphex Group Declines 10%
Graphex Group Completes Strategic Share Issuance
Graphex Group Completes Share Issue to Settle Loan
Graphex Group (06128) completed the issuance of 43,689,400 subscription shares.
Graphex group (06128) issued a notice that the terms stated in the subscription agreement for the issuance of new shares under general authorization have been met and the delivery has been completed on June 28, 2024. A total of 43,689,400 new shares have been issued and distributed based on the subscription, accounting for approximately 4.71% of the company's existing issued share capital immediately before delivery and approximately 4.50% of the enlarged issued share capital after delivery. Although the subscription will not generate any cash income for the company, it will offset and eliminate the company's debts.
6-K: Report of foreign private issuer (related to financial reporting)
Graphex Group to Settle Loan via Share Subscription
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