New York, United States, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology (NADSAQ: GTI) (the “Company”) today announced that its board of directors (the “Board”) has determined the effective date for the previously approved share consolidation of the Company’s ordinary shares at a ratio of 1-for-60 and to reduce the par value of the Company’s ordinary shares from $0.0001 per share to $0.006 per share (the “Share Consolidation”).
Related Questions
Will the consolidation affect the company’s ability to raise capital or issue new shares in the future?
How does this share consolidation compare to recent consolidations by peers in the technology sector?
How will the 1‑for‑60 share consolidation affect the stock’s price and trading volume?
Will the reduced par value and higher share price attract new institutional investors or affect existing shareholder sentiment?
What is the expected impact on the company’s market capitalization and index weighting after the consolidation?
Could the consolidation lead to increased volatility or reduced liquidity in the short term?
Are there any tax implications for shareholders resulting from the share consolidation?
How might the consolidation influence the company’s earnings per share (EPS) and valuation metrics?
What is the market’s perception of the board’s decision to set the effective date now, and could it signal broader strategic changes?
Will the share consolidation have any impact on existing shareholder voting rights or corporate governance structures?