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Global New Material International Holdings Limited ( (HK:6616) ) has issued an update.
Global New Material International Holdings Limited has convened an extraordinary general meeting (EGM) for 5 January 2026 in Guangxi, China, where shareholders will vote on approving the Chesir Pearl Minority Interest Purchase Agreement and the related issuance of consideration shares under a specific mandate. The proposed resolution would authorise the board to allot and issue these shares and empower any director to execute all necessary documents and actions to complete the transaction, signalling a move to consolidate its interest in Chesir Pearl and potentially streamline group structure and control, subject to shareholder approval.
The most recent analyst rating on (HK:6616) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on Global New Material International Holdings Limited stock, see the HK:6616 Stock Forecast page.
More about Global New Material International Holdings Limited
Global New Material International Holdings Limited is a Cayman Islands–incorporated company listed in Hong Kong, operating in the new materials sector. It is focused on advanced materials such as pearlescent or specialty materials, with operations and key facilities in Guangxi, China, and is governed by a board comprising executive, non-executive and independent non-executive directors.
Average Trading Volume: 16,859,491
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.62B
Learn more about 6616 stock on TipRanks’ Stock Analysis page.