Graphex group (00142) once dropped by 22%, as of the time of writing, it has fallen by 18% to 0.041 Hong Kong dollars, with a trading volume of 1.2258 million Hong Kong dollars.
According to Zhitong Finance APP, Graphex group (00142) once dropped by 22%, as of the time of writing, it has fallen by 18% to 0.041 Hong Kong dollars, with a trading volume of 1.2258 million Hong Kong dollars.
On the news front, Graphex group announced that it proposes a 5-for-1 share consolidation, followed by a 3-for-1 rights issue, issuing 0.704 billion shares; the rights issue price is 0.17 Hong Kong dollars, with a total fund-raising amount of 0.12 billion Hong Kong dollars, and the estimated net proceeds are 0.116 billion Hong Kong dollars, intended for the implementation of the China Lacey project, debt repayment, and general working capital. After the consolidation takes effect, the trading unit changes from 2000 shares to 10000 shares.
