Changes in Hong Kong stocks | Global New Materials International (06616) rose more than 4% at the end of the session. The company recently acquired the remaining shares of the core business unit Seven Color Pearl

The Zhitong Finance App learned that Global New Materials International (06616) rose more than 4% at the end of the session. As of press release, it had risen 4.19% to HK$9.69, with a turnover of HK$93.3066 million.

According to the news, Global New Materials International recently announced that it plans to acquire about 2.57% of Seven Color Pearl's shares for 69.02 million yuan. After the acquisition is completed, Global New Materials International will increase its shareholding ratio in Seven Color Pearl to 99.76%. According to reports, Seven Color Pearlescent is mainly engaged in the production and sale of pearlescent pigments and mica functional fillers, and is the company's core business unit. The company stated that the purpose of increasing its shareholding in Seven Color Pearl is to improve overall financial performance through the consolidation of more profit dividends.