On December 26, Suria Sukses Engineering bought 5 million shares at a weighted common value of $0.39 per share, for a complete of $1.95 million. The subsequent day, December 27, the corporate bought a further 500,000 shares at a weighted common value of $0.86 per share, for $430,000. Following these transactions, Suria Sukses Engineering now owns 17,482,895 shares of Graphjet Expertise. The gross sales had been made in a number of transactions with costs starting from $0.3318 to $0.461 on December 26 and from $0.7841 to $0.905 on December 27, as detailed within the submitting’s footnotes. With a market capitalization of $148.93 million, GTI at the moment has a low monetary well being rating in response to InvestPro evaluation, which affords extra insights into monetary metrics and firm valuation. With a market capitalization of $148.93 million, GTI at the moment has a low monetary well being rating in response to InvestPro evaluation, which affords extra insights into monetary metrics and firm valuation.
On December 26, Suria Sukses Engineering bought 5 million shares at a weighted common value of $0.39 per share, for a complete of $1.95 million. The subsequent day, on December 27, the corporate bought a further 500,000 shares at a weighted common value of $0.86 per share, for $430,000.
Following these transactions, Suria Sukses Engineering now holds 17,482,895 shares of Graphjet Expertise. The gross sales had been made in a number of transactions with costs starting from $0.3318 to $0.461 on December 26 and from $0.7841 to $0.905 on December 27, as detailed within the submitting’s footnotes.
Individually, Graphjet Expertise, an organization identified for reworking agricultural waste into graphite and graphene, introduced important operational developments. The Firm has elevated Mr. Liu Yu to the positions of Chief Working Officer (COO) and Chief Scientific Officer (CSO), the place he’ll oversee operational, buyer assist and enterprise growth initiatives.
Graphjet Expertise has additionally earned three ISO certifications from ARES Worldwide, highlighting its dedication to sustainable and environment friendly manufacturing practices. These certifications are ISO 14001:2015 for environmental administration, ISO 9001:2015 for high quality administration and ISO 45001:2018 for occupational well being and security administration.
Moreover, the corporate was granted a patent in Malaysia for its modern course of of remodeling palm kernel shells into graphene, strengthening its mental property portfolio. On the company governance entrance, the corporate introduced a change at its unbiased registered accounting agency, with the resignation of Adeptus Companions LLC.
Graphjet Expertise additionally regained compliance with Nasdaq itemizing necessities after a quick interval of non-compliance as a result of delay of a quarterly report. These are current developments that show Graphjet’s dedication to operational excellence and compliance. Whereas the corporate continues to guarantee stakeholders of its dedication to well timed submitting, analysts from varied corporations proceed to observe these developments intently.
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