Global New Material International Completes Acquisition of Chesir Pearl Minority Interest

Reuters
Jan 20
Global New Material International Completes Acquisition of Chesir Pearl Minority Interest

Global New Material International Holdings Ltd. has completed the acquisition of the minority interest in Chesir Pearl through the issuance of consideration shares under a specific mandate. As part of the transaction, the company issued additional shares, increasing the total number of issued shares from 1,238,870,132 to 1,248,441,781. Following the completion, Dr. SU Ertian, the Chairman and Chief Executive Officer, increased his shareholding from 439,636,948 shares (35.48%) to 449,208,597 shares (35.98%). The transaction was conducted in accordance with the Chesir Pearl Minority Interest Purchase Agreement and approved by the company's shareholders. Public shareholders now hold 62.94% of the company, down from 63.43% prior to the transaction.

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-20260120-11996100), on January 20, 2026, and is solely responsible for the information contained therein.

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