New York, United States, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology (NADSAQ: GTI) (the “Company”) today announced that its shareholders approved a share consolidation proposal at the Company’s extraordinary general meeting of shareholders held on August 7, 2025. The approved proposal authorizes the Company’s board of directors (the “Board”) to effect a share consolidation of the Company’s issued and unissued ordinary shares at a ratio ranging from 1-for-50 to 1-for-150, with the final ratio to be ...

Graphjet Technology (GTI) 2025 Extraordinary General Meeting August 07, 2025 09:00 AM ET Speaker0Hello, and welcome to the General Meeting of Shareholders of Graphjet Technology. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Chris Lai. Mister Lai, the floor is yours.Speaker1Good morning, ladies and gentlemen. I am Chris Lai, chief executive officer and chief financial officer of Graphjet Technology. I'll preside over this extraordinary general meet ...

New York, United States, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology (the “Company”) was honoured to receive the visit of management executives of a leading South Korean conglomerate, well-regarded globally in the steel and battery materials industry. The visit served as a meaningful step toward having the Company supply to one of the biggest conglomerates in Korea. Established in 1968, the Korean group is an emerging leader in the battery materials industry. In 2024, it reported consolidated rev ...

Company Overview - Graphjet Technology is an innovative producer of graphene and graphite, founded in 2019 in Malaysia, utilizing patented technology to recycle palm kernel shells into single-layer graphene and artificial graphite [5] Recent Developments - The company successfully received new machinery and equipment at its factory in Malaysia, which is expected to enhance production capabilities significantly [1][2] - A specialist from the supplier is on-site to install and commission the new equipment, with installation expected to be completed within a week [2] Production Capacity and Market Demand - The new machinery is projected to increase production capacity by approximately seven times, aligning with the growing demand for graphite and graphene, particularly in the semiconductor industry [4] - The expansion of advanced semiconductor manufacturing, driven by the demand for specialized chips, presents a favorable market environment for Graphjet [3][4] Strategic Positioning - Graphjet's sustainable production methods using agricultural waste position the company to potentially transform the global graphite and graphene supply chain [5]

Industry Insights - The semiconductor manufacturing industry in the United States is experiencing significant expansion, particularly in the production of AI chips, driven by investments from various chip manufacturers [1][3]. - Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest an additional $100 billion in advanced semiconductor manufacturing in the U.S., while Nvidia is establishing supercomputer manufacturing plants in Texas to meet the surging demand for specialized chips [3]. Company Developments - Graphjet Technology is positioned to benefit from the growth in AI chip production, as graphite and graphene are essential materials in semiconductor manufacturing processes that require high temperature and precise control [4]. - The company is planning to expand its operations by building a production plant in Nevada, capitalizing on the current growth in the semiconductor industry [4]. - Graphjet has begun generating revenue and is experiencing increased interest in its products, evidenced by a growing number of visits from corporate representatives and requests for samples [4]. Company Background - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells, a waste product from palm seed oil production [5]. - The company's sustainable production methods aim to transform the global supply chain for graphite and graphene [5].

Company Overview - Graphjet Technology has received a decision letter from the Nasdaq Hearings Panel allowing it to continue its listing on Nasdaq, contingent upon compliance with specific listing rules by set deadlines [1][2][3] - The company specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells, utilizing patented technology [7] Compliance and Regulatory Requirements - The company must demonstrate compliance with the Bid Price Rule by August 29, 2025, and the Periodic Filing Rule by September 15, 2025 [2] - An update on the company's fundraising plans is required by September 30, 2025 [2][3] Market Opportunities - Graphjet is positioned to benefit from China's export restrictions on graphite and increased tariffs on graphite imports to the US, leading to a global shortage of graphite [5] - The company’s production method, which uses recycled agricultural waste, allows it to provide an alternative source of graphite for electric vehicle batteries [5] Expansion Plans - The company plans to build a manufacturing plant in Nevada, which is expected to create new job opportunities and support the electric vehicle market amid graphite supply shortages [6]

Company Overview - Graphjet Technology has received a decision letter from the Nasdaq Hearings Panel allowing it to continue its listing on Nasdaq, contingent upon compliance with specific listing rules by set deadlines [1][2][3] - The company specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells, which positions it uniquely in the market [7] Compliance and Regulatory Conditions - The company must demonstrate compliance with the Bid Price Rule by August 29, 2025, and the Periodic Filing Rule by September 15, 2025 [2] - An update on the company's fundraising plans is required by September 30, 2025 [2][3] Market Opportunities - Graphjet is positioned to benefit from China's export restrictions on graphite and increased tariffs on graphite imports to the US, leading to a global shortage of graphite [5] - The company's production method utilizes recycled materials, making it a sustainable alternative for electric vehicle battery production [5] Expansion Plans - The company plans to build a manufacturing plant in Nevada, which is expected to create new job opportunities and support the electric vehicle market amid graphite supply shortages [6]

Core Insights - Graphjet Technology has engaged with a Japanese trading company to discuss sustainable graphite materials, indicating a growing interest in green technologies within the industry [1][2][4] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using a patented process that recycles palm kernel shells, a waste product from palm oil production [6] - The company aims to revolutionize the graphite and graphene supply chain globally through its sustainable production methods [6] Industry Context - The Japanese trading company involved in the discussions has a significant presence in various sectors, including aerospace and chemicals, with an annual revenue of approximately ¥30 billion (around $273 million) [3] - This collaboration aligns with global decarbonization efforts and the push for green manufacturing practices, highlighting the industry's shift towards sustainability [2][5] Future Collaboration - The visit by the Japanese delegation included a tour of Graphjet's R&D facilities, emphasizing the potential for future partnerships in sustainable graphite production [4] - Graphjet's commitment to advancing green innovation positions it favorably within the evolving market landscape [5]

Core Insights - Graphjet Technology is set to receive new equipment and machinery in Malaysia, which is expected to significantly enhance production capacity and capabilities [1][2] - The new equipment can produce approximately seven times more than the existing machinery, improving both the quantity and quality of graphite produced [2] - The company aims to meet the growing demand for environmentally friendly graphite, particularly for applications in EV batteries and semiconductors [3] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells [4] - The company holds a patented technology that recycles palm kernel shells, positioning itself as a sustainable player in the graphite and graphene supply chain [4]

Core Insights - Graphjet Technology, a developer of patented technologies for producing graphite and graphene from agricultural waste, is currently undergoing a hearing with the Hearing Panel regarding its compliance with Nasdaq listing requirements [1][3] - CEO Chris Lai has committed to filing the Company's Forms 10Q for the periods ending December 31, 2024, March 31, 2025, and June 30, 2025 by mid-September 2025 [2] - The Hearing Panel is expected to make a decision on the Company's continued listing within two weeks following the hearing [3] Company Overview - Graphjet Technology Sdn. Bhd. was founded in 2019 in Malaysia and is recognized for its innovative approach to producing graphene and graphite [4] - The Company utilizes a patented technology to recycle palm kernel shells, a waste product from palm seed oil production, to create single-layer graphene and artificial graphite [4] - Graphjet's sustainable production methods aim to transform the global graphite and graphene supply chain [4]