HK Stock Market Move | GLOBAL NEW MAT (06616) jumped more than 6% in the afternoon. The company has recently continued to increase its holding of CQV shares, and its stake has now exceeded 50%.

GLOBAL NEW MAT (06616) rose more than 6% in the afternoon, rising 4.81% as at the time of drafting, at 4.79 Hong Kong dollars, and a trading volume of 98.2233 million Hong Kong dollars. On the news front, GLOBAL NEW MAT announced that during the period from July to October 2025, the company purchased a total of 1.1218 million shares of its non-wholly owned subsidiary. After the increase in shareholding, the company's holding of CQV shares increased from 42.45% to 50.75%. Through this increase in shareholding, the company aims to strengthen its control over overseas core assets, enhance the synergy of global business, and strengthen governance stability. Sinolink released a research report stating that the combined domestic market share of the leading pearlescent pigment companies (Global + Kunchai) exceeds 30%. The bank is optimistic about the company's overseas acquisition of Germany's Merck surface materials business/CQV, cultivating a global leader in pearlescent pigments; capacity expansion + product structure optimization, simultaneous increase in volume and price; the prospects of the pearlescent pigment industry in new consumption markets such as cosmetics and automobiles are promising, and the clear trend is the substitution of synthetic mica for natural mica.