Energem Corp. announces signing an agreement to purchase Graphjet Technology
News Debbie A. Klis · Debra Vernon · Victoria Yang · Zhun Lu, Ph.D. · Robert (Bob) Cocchia · Steven P. Eichel · Craig Tanner · August 1, 2022
Rimon PC client Energem Corp., a Nasdaq listed company (NASD: ENCPU), has announced the signing of a business combination agreement with Graphjet Technology, a Malaysian company that transforms palm kernel shells, a waste product of palm oil production, into graphene and graphite used to produce EV batteries. The transaction values Graphjet at pro forma enterprise value of $1.49 billion. Read the press release here.
We congratulate Energem Corp. and Graphjet Technology Sdn. Bhd. on this exciting announcement!
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