GRAPHEX GROUP (06128.HK): US unit sale agreed at USD 100 million
On 9 November 2026, GRAPHEX GROUP (06128.HK) agreed to sell Graphex Technologies LLC to M2i Global for USD 100 million in cash and shares, payable in stages.
Key Highlights:
- The sale covers all 100 units, or 100% of the issued and outstanding limited liability company interests, for USD 100 million.
- Payment is staged at USD 30 million on completion, USD 30 million on acceptance of the basic design and USD 40 million on plant completion, the latter two in shares at USD 3.00 and USD 4.00.
NewTimeSpace News: On 9 November 2026, Graphex Group Limited (Stock Code: 06128) said M2i Global, Inc. exercised its option, requiring seller Happy Growth Group Limited to sell all 100 units of Graphex Technologies LLC for USD 100 million, with a final agreement signed under the 20 March 2026 EGM mandate.
The announcement shows USD 30 million is due at completion: USD 3 million by a note maturing 31 December 2026 guaranteed by the target, and USD 27 million in shares at USD 3.00. A further USD 30 million in shares at USD 3.00 follows acceptance of the basic design, and USD 40 million at USD 4.00 on plant completion and approval, about 36 months on.
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