On December 26, Suria Sukses Engineering sold 5 million shares at a weighted average price of $0.39 per share, for a total of $1.95 million. The next day, December 27, the company sold an additional 500,000 shares at a weighted average price of $0.86 per share, for a total of $430,000. Following these transactions, Suria Sukses Engineering now holds 17,482,895 shares of Graphjet Technology. The sale was made in multiple trades with prices ranging from $0.3318 to $0.461 on Dec. 26 and from $0.7841 to $0.905 on Dec. 27, as detailed in the filing’s notes. With a market capitalization of $148.93 million, GTI currently shows a weak financial health rating according to InvestingPro analysis, which offers additional insights into the company’s financial indicators and valuation. With a market capitalization of $148.93 million, GTI currently shows a weak financial health rating according to InvestingPro analysis, which offers additional insights into the company’s financial indicators and valuation.
On December 26, Suria Sukses Engineering sold 5 million shares at a weighted average price of $0.39 per share, for a total of $1.95 million. The next day, December 27, the company sold an additional 500,000 shares at a weighted average price of $0.86 per share, for a total of $430,000.
Following these transactions, Suria Sukses Engineering now holds 17,482,895 shares of Graphjet Technology. The sale was made in multiple trades with prices ranging from $0.3318 to $0.461 on Dec. 26 and from $0.7841 to $0.905 on Dec. 27, as detailed in the filing’s notes.
In other recent news, Graphjet Technology, a company known for converting agricultural waste into graphite and graphene, has announced significant operational improvements. The company is Mr. Liu Yu has been promoted to the positions of Chief Operating Officer (COO) and Chief Scientific Officer (CSO), where she will oversee operational activities, customer support and business development initiatives.
Graphjet Technology has also received three ISO certifications from ARES International, highlighting its commitment to sustainable and efficient manufacturing practices. These are certificates ISO 14001:2015 for environmental management, ISO 9001:2015 for quality management and ISO 45001:2018 for occupational health and safety management.
In addition, the company has secured a patent in Malaysia for its innovative process of transforming palm kernel shells into graphene, enhancing its intellectual property portfolio. In terms of corporate governance, the company announced a change in its independent registered public accounting firm, with Adeptus Partners LLC resigning.
Graphjet Technology has also re-established compliance with Nasdaq’s listing requirements after a brief period of non-compliance due to a delayed quarterly report. These are recent developments that demonstrate Graphjet’s commitment to operational excellence and compliance. While the company continues to reassure stakeholders of its commitment to timely filing, analysts at various companies continue to closely monitor these developments.
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