Graphjet Stock Plunges 13.46% Amid CFO Appointment

On March 28, 2025, Graphjet's stock experienced a significant drop of 13.46% in pre-market trading.

Graphjet Technology recently expanded its board and appointed a new Chief Financial Officer (CFO). This strategic move is aimed at strengthening the company's financial management and governance, which could potentially stabilize the stock in the long run. However, the immediate market reaction to this news has been negative, indicating investor concerns about the company's current financial health or future prospects.

Additionally, Summit Bank announced the appointment of Steve Ritchie to its Eugene & Springfield Advisory Board. While this news is not directly related to Graphjet, it could indirectly impact the company if Ritchie's involvement leads to changes in the bank's policies or services that affect Graphjet's operations or financing options.