Suria Sukses Engineering Sdn Bhd, a big shareholder in Graphjet Know-how (NASDAQ:GTI), just lately executed substantial inventory gross sales totaling roughly $1.92 million. The inventory, at the moment buying and selling at $0.44, has skilled a dramatic 96% decline over the previous yr and reveals a WEAK monetary well being rating in accordance with InvestingPro evaluation. Based on the most recent SEC submitting, the corporate bought 1,645,916 Class A extraordinary shares on January 8, 2025, at a weighted common worth of $0.47 per share, amounting to $773,580. Moreover, on January 10, 2025, one other 2,500,000 shares had been bought at a median worth of $0.46 per share, totaling $1,150,000. Following these transactions, Suria Sukses Engineering’s holdings in Graphjet Know-how stand at 4,490,517 shares within the $66.7 million market cap firm. Monitor insider transactions and entry complete monetary evaluation with InvestingPro, which signifies the inventory is at the moment undervalued relative to its Truthful Worth.
In different latest information, Graphjet Know-how has skilled a big shake-up with the sudden departure of three high executives, together with an Government Director and two Unbiased (LON:) Administrators. In parallel, the corporate has promoted Mr. Liu Yu to the positions of Chief Working Officer and Chief Scientific Officer, indicating a reshuffle within the firm’s management. On the operational entrance, Graphjet Know-how has secured three ISO certifications from ARES Worldwide, highlighting its dedication to sustainable and environment friendly manufacturing practices. As well as, the corporate has obtained a patent in Malaysia for its progressive course of of remodeling palm kernel shells into graphene. When it comes to governance, Graphjet Know-how has seen a change in its unbiased registered accounting agency with Adeptus Companions LLC stepping down, though no disagreements over monetary statements or accounting ideas had been reported. Lastly, the corporate has regained compliance with Nasdaq’s itemizing necessities after a short interval of non-compliance. These are latest developments that point out a interval of change and progress for Graphjet Know-how.
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