Welcome to our dedicated page for Graphex Group news (Ticker: GRFX), a resource for investors and traders seeking the latest updates and insights on Graphex Group stock.
Graphex Group Limited reports developments tied to natural graphite processing, battery-anode materials, and the trading status of its securities. Company updates cover Graphex Technologies, raw-material supply arrangements, graphite anode material for lithium-ion batteries, and plans related to processing capacity for electric-vehicle and energy-storage supply chains.
Recent corporate news also includes NYSE American delisting action affecting the company’s American Depositary Shares, continued trading of ordinary shares on The Stock Exchange of Hong Kong, rights offering references, listing-rule compliance matters, shareholder voting matters, governance updates, and operating and financial results.
Graphex Group Limited (GRFX) has been delisted from the NYSE American exchange due to non-compliance with filing requirements, specifically failing to submit its Form 20-F for 2023 by the May 15, 2025 deadline. Trading of its American Depositary Shares (ADSs) was suspended on May 14, 2025, and will now move to the OTC Expert Market.
The company's ADSs represent approximately 5.5% of outstanding ordinary shares (51,605,000 ADSs). The delisting does not affect trading of ordinary shares on the Hong Kong Stock Exchange or the company's previously announced Rights Offering. Graphex Group has engaged SFAI MALAYSIA PLT as its new PCAOB registered auditor and expects to complete audits for 2023 and 2024 by June 30, 2025. The company is considering appealing the NYSE's delisting decision.
Graphex Group (NYSE: GRFX) announces plans for Phase 2 of its graphite processing project in Nanshu Town, Qingdao, China. The project includes manufacturing facilities for 20,000 tonnes of natural graphite anode material and 100 tonnes of graphene oxide for battery systems. The expansion requires approximately 5.33 hectares of land and 50,000 sq. meters of construction, with an estimated investment of $30 million. Land auction is expected within 6 months after approvals, with construction starting 4-6 months after successful acquisition.
The company also reports delays in Phase 1 due to insufficient power supply, despite obtaining energy permits in August 2024. They are working with local authorities to resolve this issue by end of 2024.
Graphex Group (NYSE American: GRFX) has received an extension from NYSE American to regain compliance with listing requirements until May 15, 2025. The extension was granted after the company failed to timely file its Form 20-F for the year ended December 31, 2023. The initial cure period expired on November 15, 2024. The company's ADSs will continue trading on the Exchange during this additional period, subject to compliance with other listing requirements and NYSE Regulation Staff's review. Graphex plans to file the delayed Form 20-F within the new cure period.
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