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Graphex Group Limited reports that a wholly owned subsidiary has granted M2i Global, Inc. an option to acquire 100% of the limited liability units of Graphex Technologies LLC. M2i Global agreed to pay option consideration of
If the option is exercised and the conditions are met, the purchaser may buy all of the units of Graphex Technologies LLC for sale consideration of
Graphex Group Limited filed a Form 6-K noting it has published an HKSE announcement covering a disclosable transaction related to an equipment purchase agreement and a business update. The update highlights the Company’s participation and sponsorship in two research projects led by Nano and Advanced Materials Institute Limited (NAMI) under Hong Kong’s Innovation and Technology Commission.
The NAMI projects focus on a solution-based carbon coating process for natural graphite anode material and a microporous carbon sphere for fast-charging nano silicon-based composite anodes. The filing states this information is for informational purposes only and is qualified in its entirety by the attached announcement.