Graphex Group Limited Announces Equipment Purchase for Anhui Project
Graphex Group Limited (HK:6128) has announced a significant equipment purchase for its Anhui project, involving an intelligent carbon coating processing line valued at approximately RMB42,252,200. The transaction will be funded through the company's internal resources and is expected to enhance operational capabilities and market position in the advanced materials sector. The latest analyst rating for Graphex stock is a Hold with a price target of HK$0.50.
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An announcement from Graphex Group Limited ( (HK:6128) ) is now available.
Graphex Group Limited has announced a discloseable transaction involving the purchase of an intelligent carbon coating processing line for their project in Anhui, PRC. The equipment purchase agreement, valued at approximately RMB42,252,200, was reached after negotiations and will be funded by the company’s internal resources. This acquisition is expected to enhance Graphex’s operational capabilities and strengthen its market position in the advanced materials sector.
The most recent analyst rating on (HK:6128) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Graphex Group Limited stock, see the HK:6128 Stock Forecast page.
More about Graphex Group Limited
Graphex Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the industry of advanced materials with a focus on intelligent carbon coating processing lines. The company operates in various markets, including the People’s Republic of China (PRC).
Average Trading Volume: 2,955,864
Technical Sentiment Signal: Buy
Current Market Cap: HK$282.4M
