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Global New Material International Holdings Limited ( (HK:6616) ) has provided an announcement.
Global New Material International Holdings Limited has entered into a connected transaction to acquire Chesir Pearl’s minority interest by issuing consideration shares under a specific mandate. This acquisition, involving Hongzun International, is subject to the reporting and approval requirements of the Hong Kong Stock Exchange’s Listing Rules. An Extraordinary General Meeting (EGM) will be held to approve the transaction, and a circular with detailed information will be dispatched to shareholders by the end of December 2025.
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
Average Trading Volume: 14,165,856
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.92B
See more insights into 6616 stock on TipRanks’ Stock Analysis page.