
Graphex Group Plans Sale of US Subsidiary Graphex Technologies LLC

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Graphex Group Ltd. plans to sell its US subsidiary, Graphex Technologies LLC, due to geopolitical tensions, the US Inflation Reduction Act, China's graphite export restrictions, and trade war challenges. The board sees this disposal as beneficial for enhancing value. The plant operated by the subsidiary is unique in the US and expected to add significant value to the purchaser.
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