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Graphex Group Limited (NYSE American:GRFX | HKSE: 6128), an electrical industrial apparatus manufacturer, has announced the outcome of its recent Rights Issue. The company, which is listed on both The Stock Exchange of Hong Kong Limited (HKSE) and NYSE American, was obligated to declare the results of the Rights Shares applications and the number of unsubscribed shares subject to compensatory arrangements.
The Rights Issue closed at 4:00 p.m. on Thursday, April 24, 2025, with a total of 11 valid applications for 64,826,370 Rights Shares received, which is approximately 9.2% of the total offered under the Rights Issue. Consequently, the remaining 639,457,686 Rights Shares, representing about 90.8% of the total offered, will be subject to the compensatory arrangements as specified in the company’s regulatory obligations.
The announcement, detailed in Exhibit 99.1 of the SEC filing, does not constitute an offer to sell or a solicitation of an offer to purchase any securities of Graphex Group Limited, including its American Depositary Shares.
The company’s forward-looking statements within the announcement are based on current expectations and projections about future events. These statements are subject to risks and uncertainties, and there is no assurance that the anticipated results will be achieved.
This report, based on the SEC filing dated May 2, 2025, is for informational purposes and does not imply a solicitation or offer to buy securities.
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