On December 26, Suria Sukses Engineering sold 5 million shares at a weighted average price of $0.39 per share, totaling $1.95 million. The following day, December 27, the company sold an additional 500,000 shares at a weighted average price of $0.86 per share, amounting to $430,000.Following these transactions, Suria Sukses Engineering now holds 17,482,895 shares of Graphjet Technology. The sales were conducted in multiple trades with prices ranging from $0.3318 to $0.461 on December 26, and from $0.7841 to $0.905 on December 27, as detailed in the filing’s footnotes. With a market capitalization of $148.93 million, GTI currently shows a weak financial health score according to InvestingPro analysis, which offers additional insights into the company’s financial metrics and valuation. With a market capitalization of $148.93 million, GTI currently shows a weak financial health score according to InvestingPro analysis, which offers additional insights into the company’s financial metrics and valuation.
On December 26, Suria Sukses Engineering sold 5 million shares at a weighted average price of $0.39 per share, totaling $1.95 million. The following day, December 27, the company sold an additional 500,000 shares at a weighted average price of $0.86 per share, amounting to $430,000.
Following these transactions, Suria Sukses Engineering now holds 17,482,895 shares of Graphjet Technology. The sales were conducted in multiple trades with prices ranging from $0.3318 to $0.461 on December 26, and from $0.7841 to $0.905 on December 27, as detailed in the filing’s footnotes.
In other recent news, Graphjet Technology, a firm known for transforming agricultural waste into graphite and graphene, announced significant operational advancements. The company has elevated Mr. Liu Yu to the positions of Chief Operating Officer (COO) and Chief Scientific Officer (CSO), where he will oversee operational, customer support, and business development initiatives.
Graphjet Technology has also obtained three ISO certifications from ARES International, highlighting its commitment to sustainable and efficient manufacturing practices. These certifications are 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 firm has secured a patent in Malaysia for its innovative process of transforming palm kernel shells into graphene, enhancing its intellectual property portfolio. On the corporate governance front, the company announced a change in its independent registered accounting firm, with Adeptus Partners LLC resigning.
Graphjet Technology also regained 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 assure stakeholders of its dedication to timely filings, analysts from various firms continue to monitor these developments closely.
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