HK Stock Movement | GLOBAL NEW MAT (06616) Rises Over 4% in Late Trading After Acquiring Remaining Stake in Core Business Unit QSGP
Stock News2025-12-08
GLOBAL NEW MAT (06616) surged over 4% in late trading, closing up 4.19% at HK$9.69 with a turnover of HK$93.31 million. The company recently announced plans to acquire approximately 2.57% of QSGP's shares for RMB 69.02 million. Upon completion, GLOBAL NEW MAT will increase its stake in QSGP to 99.76%.
QSGP primarily engages in the production and sales of pearlescent pigments and mica functional fillers, serving as a core business unit of GLOBAL NEW MAT. The company stated that the increased stake aims to consolidate more profit dividends and enhance overall financial performance.
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