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The latest announcement is out from Global New Material International Holdings Limited ( (HK:6616) ).
Global New Material International Holdings Limited has announced the redemption of its US$40,000,000 9.0% convertible bonds upon their maturity on 8 November 2025. The company has deposited sufficient funds for the redemption, and following this, the bonds will be cancelled. The company states that this redemption will not have a material impact on its financial position.
The most recent analyst rating on (HK:6616) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Global New Material International Holdings Limited stock, see the HK:6616 Stock Forecast page.
More about Global New Material International Holdings Limited
Average Trading Volume: 11,143,717
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.46B
See more data about 6616 stock on TipRanks’ Stock Analysis page.