Global New Material International Announces Full Redemption of US$40 Million 9.0% Convertible Bonds Upon Maturity
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Global New Material International Holdings Ltd. has announced the full redemption of its US$40 million 9.0% convertible bonds upon maturity on 8 November 2025. The company has ensured sufficient funds are available for this redemption, which will result in the cancellation of the bonds with no outstanding amounts remaining. The company noted that this action will not materially affect its financial position.
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