Global New Material International Holdings Ltd. has completed the issuance of HK$1,000,000,000 4.25% convertible bonds due 2027 under a general mandate. According to the company’s announcement, 40% of the net proceeds will be used to refinance existing indebtedness, potentially including the redemption of previously issued convertible bonds. An additional 20% is allocated for general corporate purposes such as strategic investments, technology development, and supplemental working capital, with the remainder supporting production capacity enhancement and market expansion initiatives.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global New Material International Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260106-11982181), on January 06, 2026, and is solely responsible for the information contained therein.