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Hong Kong stocks abnormal fluctuations | Global New Materials International (06616) once fell more than 11%, intends to acquire Zhuguang Pigment business for 0.665 billion euros.
Global Advanced Materials International (06616) plummeted sharply in early trading, falling more than 11% at one point. As of press time, it was down 9.7%, trading at HKD 4.19 with a turnover of HKD 26.9978 million.
HKEX Announcement Digging | East Buy: Famous anchor Dong Yuhui friendly resignation, will hold a shareholder conference call in the afternoon of July 26th.
Ling Yui Holdings (00784) received a bid to purchase 0.1 billion shares and a 20% discount cash tender offer from Chairman Ling Zhihui. Resumption of trading will be on July 26th. Global Material International (06616) plans to acquire Merck KGaA's global surface solutions business for 0.665 billion euros.
Merck to Use Funds to Further Strengthen Strategic Core Businesses
Merck to Sell Surface Solutions Business Unit to Global New Material
Merck Selling Unit for EUR665M in Cash
Global New Materials International has signed an agreement to acquire Merck's Surface Solutions business.
Jointly grow and expand global business. Hong Kong and Frankfurt, July 25, 2024 / PRNewswire / - Universal New Material International Holdings Limited ("Universal New Material International" / "Group") (Stock code: 06616.HK) announced today that it has entered into an agreement ("Agreement") with Merck Group ("Merck") in Germany to acquire Merck's global surface solutions business ("Surface Solutions") for EUR 665,000,000 (approximately RMB 5,187,000,000) in cash. The transaction is expected to be completed in 2025.
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