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Graphex Group raises $12 million as part of IPO on US NYSE stocl exchange

Graphex Group, which manufactures graphene products for lithium-ion batteries in China, recently announced a raise of $12 million. This exceeds the Company’s plan to raise $8 million as part of its IPO on the US NYSE stock exchange.

The Company plans to use the net proceeds for improvement and expansion of production facility(ies) for the Group’s Graphene Products Business, repayment of short-term indebtedness and working capital and general corporate purposes.

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