GLOBAL NEW MAT (06616) Increases CQV Stake to 50.75%, Strengthening Global Business Synergy

Stock News
Oct 10

GLOBAL NEW MAT (06616) announced that between July 2025 and October 2025, the company purchased a total of 1.1218 million shares of its non-wholly owned subsidiary CQV Co., Ltd. Prior to the stake increase, the company held a total of 4.39 million CQV shares, representing approximately 42.45% of CQV's total issued shares at the time. Following the stake increase, the company now holds a total of 5.5118 million CQV shares, representing approximately 50.75% of CQV's total issued shares.

Through this stake increase, the company aims to strengthen control over overseas core assets, enhance global business synergy, and reinforce governance stability. As an important component of the group's merger and acquisition integration strategy, CQV possesses a mature technology system, quality customer resources, and stable profitability, serving as a crucial pillar for the group's "materials + innovation + full scenario" overseas expansion strategy.

Specifically, the company expects to: 1. Consolidate control over CQV and optimize global resource allocation, thereby enhancing the group's overall strategic execution capabilities; 2. Strengthen global business synergy, particularly in market, product, and technology integration aspects, further promoting deep integration among CQV, Chesir, and Susonity to fully realize synergistic benefits; 3. Stabilize market expectations and enhance investor confidence in the group's internationalization strategy, thereby improving corporate valuation and brand influence; and 4. Lay the foundation for potential future industry integration, capital operations, and strategic expansion, ensuring the group's sustained competitiveness in global markets.

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