Core Viewpoint - Global New Materials International (06616) has seen its stock price increase by over 100% since October 30, with a current price of 9.27 HKD and a trading volume of 76.89 million HKD [1] Group 1: Stock Performance - The stock has risen by more than 5% recently, contributing to a cumulative increase of over 100% since late October [1] - As of the latest update, the stock is trading at 9.27 HKD, with a trading volume of 76.89 million HKD [1] Group 2: Acquisition Details - Global New Materials International announced a related transaction to acquire a 2.57% stake in Seven Color Pearlescent for 69.02 million RMB, to be paid through the issuance of 9.57 million consideration shares at a price of 8.01 HKD per share [1] - Upon completion of the acquisition, the company will hold a 99.76% stake in Seven Color Pearlescent, which specializes in the production and sale of pearlescent pigments and mica functional fillers [1] Group 3: Strategic Intent - The board of Global New Materials International aims to increase its stake in Seven Color Pearlescent to enhance investment returns by consolidating more profits or a higher proportion of profit distributions into the group's financial performance [1]