Understanding the Market | GLOBAL NEW MAT surged over 23% during the session, recently increasing its stake in CQV shares to consolidate control, which is expected to strengthen global business synergy
GLOBAL NEW MAT surged over 23% during intraday trading, and as of the time of writing, it has risen 21.24%, trading at HKD 6.05, with a transaction volume of HKD 519 million. In terms of news, GLOBAL NEW MAT previously announced that between July 2025 and October 2025, the company will purchase a total of 1,121,800 shares of its non-wholly-owned subsidiary CQV. After the increase in holdings, the company will hold a total of 5,511,800 shares of CQV, accounting for approximately 50.75% of CQV's total issued shares. The announcement stated that through this increase in holdings, the company aims to strengthen its control over overseas core assets, enhance the synergy of its global business, and reinforce governance stability. As an important part of the group's merger and acquisition integration strategy, CQV possesses a mature technology system, high-quality customer resources, and stable profitability, serving as a crucial support for the group's "Materials + Innovation + Full-Scenario" overseas expansion strategy
According to the Zhitong Finance APP, GLOBAL NEW MAT (06616) rose over 23% during the trading session, and as of the time of writing, it has increased by 21.24%, trading at HKD 6.05, with a transaction volume of HKD 519 million.
In terms of news, GLOBAL NEW MAT previously announced that between July 2025 and October 2025, the company will purchase a total of 1.1218 million shares of its non-wholly-owned subsidiary CQV. After the increase in holdings, the company will hold a total of 5.5118 million shares of CQV, accounting for approximately 50.75% of CQV's total issued shares.
The announcement stated that through this increase in holdings, the company aims to strengthen its control over overseas core assets, enhance the synergy of global operations, and reinforce governance stability. As an important part of the group's merger and acquisition integration strategy, CQV possesses a mature technology system, high-quality customer resources, and stable profitability, serving as a crucial support for the group's "materials + innovation + all-scenario" overseas expansion strategy
