Global New Material Shareholders Approve Chesir Pearl Minority Interest Acquisition Mandate

An announcement from Global New Material International Holdings Limited ( (HK:6616) ) is now available.

Global New Material International Holdings Limited announced that shareholders at an extraordinary general meeting held on 5 January 2026 overwhelmingly approved an ordinary resolution related to the Chesir Pearl Minority Interest Purchase Agreement. The approval authorizes the company to proceed with the acquisition of the minority interest in Chesir Pearl, including the allotment and issue of consideration shares under a specific mandate, and empowers any director to execute all necessary documents and actions to implement the transaction. This vote clears a key procedural hurdle for consolidating ownership in Chesir Pearl, potentially simplifying group structure and enhancing control over that business unit, while modestly diluting existing shareholders through the new share issuance.

The most recent analyst rating on (HK:6616) stock is a Buy with a HK$12.50 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 on the Hong Kong Stock Exchange. While this announcement does not detail its operations, the company is positioned as a materials-sector issuer, engaging in corporate actions and share issuances to support its strategic investments and group restructuring.

Average Trading Volume: 18,005,704

Technical Sentiment Signal: Buy

Current Market Cap: HK$12.19B

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