Core Viewpoint - Global New Materials International (06616) is experiencing a significant stock price increase, attributed to its plans for bond redemption and strategic share acquisitions in its subsidiary CQV [1] Company Developments - The company plans to redeem $40 million convertible bonds due on November 8 [1] - From July to October, the company purchased a total of 1.1218 million shares of its non-wholly owned subsidiary CQV, increasing its total holdings to 5.5118 million shares, representing approximately 50.75% of CQV's total issued shares [1] Industry Insights - According to Guojin Securities, the domestic operational entity of Global New Materials has a current production capacity of 33,000 tons for pearlescent pigments, with a long-term plan to increase this capacity to 48,000 tons [1] - The CQV facility in South Korea has a combined production capacity of 2,600 tons [1] - The Tonglu factory's synthetic mica production capacity of 100,000 tons is expected to be completed and operational by the second half of 2025, with expectations for expansion in Guangxi and acquisitions of CQV/Merck to provide channels for capacity digestion [1] - Current domestic synthetic mica production costs remain higher than those of natural mica, with expectations for cost reduction following capacity expansion [1]
港股异动 | 环球新材国际(06616)午后涨近9% 公司近期增持CQV股份 产能投放支撑销量增长