GLOBAL NEW MAT (06616) surged over 23% intraday, reaching a 21.24% gain at the time of writing, trading at HK$6.05 with a turnover of HK$519 million. The company recently announced that between July 2025 and October 2025, it acquired a total of 1.1218 million shares in its non-wholly owned subsidiary CQV. Following the stake increase, GLOBAL NEW MAT now holds 5.5118 million shares in CQV, representing approximately 50.75% of its total issued shares. The company stated that the move aims to strengthen control over its overseas core assets, enhance global business synergy, and improve governance stability. As a key part of its M&A integration strategy, CQV possesses a mature technological system, high-quality customer resources, and stable profitability, serving as a pivotal driver for the group's "Materials + Innovation + Full-Scenario" overseas expansion strategy.