Graphjet Technology announced the effective date for a share consolidation of its ordinary shares.
The share consolidation will be at a ratio of 1-for-60 and will reduce the par value of shares.
The Share Consolidation will become effective on August 25, 2025.
Share Consolidation Ratio
Consolidation at a ratio of 1-for-60 to increase share price.
CUSIP Number Change
New CUSIP number G30449139 for ordinary shares post-consolidation.
Shareholder Approval
Shareholders approved the consolidation at an extraordinary general meeting.
- The share consolidation is intended to increase the trading price of ordinary shares to meet Nasdaq's listing requirements.
- No fractional shares will be issued; fractional shares will be rounded up to the nearest whole share.
Graphjet's share consolidation signifies a strategic move to enhance shareholder value and meet Nasdaq's requirements, presenting growth potential for investors.