Global New Materials International (06616.HK) will redeem $40 million convertible bonds due.

Wisdom Financial News APP news, Global New Materials International (06616.HK) announced that the company issued $40 million 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 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 remaining convertible bonds to be repaid.