The sale was executed in multiple trades, with prices ranging from $1.50 to $1.56 per share, as detailed in the filing. Following this transaction, Suria Sukses now holds 27,270,000 shares of Graphjet Technology, which has a current market capitalization of $246 million. InvestingPro data shows the company maintains a weak financial health score of 0.31, with additional insights available to subscribers.
The sale was executed in multiple trades, with prices ranging from $1.50 to $1.56 per share, as detailed in the filing. Following this transaction, Suria Sukses now holds 27,270,000 shares of Graphjet Technology, which has a current market capitalization of $246 million. InvestingPro data shows the company maintains a weak financial health score of 0.31, with additional insights available to subscribers.
In other recent news, Graphjet Technology has made significant strides in its operational advancements. The company has elevated Mr. Liu Yu to the positions of Chief Operating Officer and Chief Scientific Officer. Liu, with over two decades of experience, will now be responsible for steering the company's production operations and business growth.
In addition to this, Graphjet Technology has also secured three ISO certifications for its eco-friendly production of graphite and graphene from biomass waste. These certifications, awarded by ARES International, underline the company's commitment to sustainable and efficient manufacturing practices.
The company has also secured a patent in Malaysia for its innovative process of producing graphene from palm kernel shells, thereby bolstering its intellectual property portfolio.
Furthermore, Graphjet Technology announced a change in its independent registered accounting firm, with Adeptus Partners LLC resigning. Notably, there were no reported disagreements between Graphjet and Adeptus regarding financial statements or accounting principles.
These are recent developments that demonstrate the company's commitment to operational excellence and compliance.
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