GLOBAL NEW MAT (06616) will redeem $40 million of convertible bonds at maturity.

GLOBAL NEW MAT (06616) announced that the company has issued $40 million USD worth of 9% convertible bonds to subscribers, which will mature on November 8, 2025. The board of directors announced that as of the date of this announcement, the company has deposited sufficient funds with the subscribers to fully redeem the convertible bonds according to the terms and conditions after maturity. Upon completion of the redemption, the convertible bonds will be immediately cancelled, and there will be no outstanding convertible bonds.