After these transactions, Mr. Hoo retains ownership of 521,788 shares in the company, representing a stake in the $74 million market cap firm. Get deeper insights into GTI's insider transactions and over 30 key financial metrics with InvestingPro.
After these transactions, Mr. Hoo retains ownership of 521,788 shares in the company, representing a stake in the $74 million market cap firm. Get deeper insights into GTI's insider transactions and over 30 key financial metrics with InvestingPro.
In other recent news, Graphjet Technology has experienced significant changes in its executive team, with the sudden departure of three high-ranking officials. The resignations include Executive Director Hoo Swee Guan and Independent (LON:IOG) Directors Wong Kok Seong and Doris Wong Sing Ee. In a positive move, the company has promoted Mr. Liu Yu to the positions of Chief Operating Officer (COO) and Chief Scientific Officer (CSO), signaling confidence in his leadership and extensive experience.
Graphjet Technology has also achieved important milestones in its operations and compliance. The company has secured three ISO certifications from ARES International, emphasizing its commitment to sustainable and efficient manufacturing practices. Additionally, Graphjet has obtained a patent in Malaysia for its process of transforming palm kernel shells into graphene, bolstering its intellectual property portfolio.
On the governance front, there have been changes as well, with Adeptus Partners LLC resigning as the company's independent registered accounting firm. Notably, no disagreements were reported between Graphjet and Adeptus regarding financial statements or accounting principles. Finally, Graphjet Technology regained compliance with Nasdaq's listing requirements after a brief period of non-compliance due to a delayed quarterly report. These recent developments underscore the company's commitment to operational excellence and regulatory compliance.
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