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An announcement from Global New Material International Holdings Limited ( (HK:6616) ) is now available.
Global New Material International Holdings Limited has completed the acquisition of the minority interest in its subsidiary Chesir Pearl on 20 January 2026, settling the deal through the issuance of consideration shares under a specific mandate. Following completion, the company’s total issued share capital increased from 1,238,870,132 to 1,248,441,781 shares, with Dr. Su Ertian’s stake rising from 35.48% to 35.98% and the public float marginally diluted, consolidating control of Chesir Pearl within the existing controlling shareholder group and slightly strengthening insider ownership in the listed company.
The most recent analyst rating on (HK:6616) stock is a Buy with a HK$8.50 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 through a group structure that includes Chesir Pearl. The group is led by Chairman and Chief Executive Officer Dr. Su Ertian and focuses on advanced materials, with its shares held by a mix of controlling shareholders, directors and public investors.
Average Trading Volume: 17,052,279
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.58B
For an in-depth examination of 6616 stock, go to TipRanks’ Overview page.