2025-03-05
classification：Company News
[Company News] On March 4, 2025, Su Ertian, Board Chairman of Global New Material International Holdings Limited(06616. HK, hereinafter referred to as GNMI), led the company’s top management team to visit Shanghai Pudong Development Bank Hangzhou Branch. Dong Zhuoli, Secretary of the Party Committee and President of the Bank, conducted an in-depth exchange with the team regarding strategic cooperation on financial support for Tonglu’s synthetic mica project with an annual output of 100,000 tons, global treasury management, technology and finance cooperation, M&A funds and equity investment linkage.
Shanghai Pudong Development Bank takes the lead in providing financial support to accelerate the implementation of the Tonglu project
Currently, Zhejiang Province, Hangzhou City, and Tonglu County are actively deploying advanced manufacturing and green new materials industries. GNMI’s synthetic mica project in Tonglu boasts an annual output of 100,000 tons and is the key layout of the industrial chain, which is of great significance in strengthening the resilience of the industrial chain and promoting industrial upgrading. Shanghai Pudong Development Bank Hangzhou Branch will take the lead in setting up a banking group to provide all-round financial services covering project financing, supply chain finance, industrial fund linkage, etc., boost the rapid landing of the project and empower the high-quality development of local industries.
Chairman Su Ertian said: “GNMI has always adhered to the strategy of ‘materials + innovation + full scenario, globalization’, and expects Shanghai Pudong Development Bank to give full play to its professional advantages in investment banking, supply chain finance, cross-border fund management, industrial funds and other fields to jointly build a strong financial support system to provides an crucial guarantee for the global layout of enterprises and the development of green new materials industry clusters. ”
Deepen global treasury management cooperation and improve cross-border fund management efficiency
During this meeting, the two sides also discussed the construction of a global treasury management system. Shanghai Pudong Development Bank will rely on its global financial network to assist GNMI in optimizing global capital allocation, improving capital liquidity, strengthening foreign exchange risk management and control capabilities. In addition, it will improve the fund pool management mechanism and create an efficient and safe cross-border capital operation system to empower GNMI to operate internationally in all rounds.
President Dong Zhuoli said: “Shanghai Pudong Development Bank Hangzhou Branch has long supported the development of advanced manufacturing, green industries and multinational enterprises. In the future, we will further leverage Shanghai Pudong Development Bank’s professional advantages in global cash management, supply chain finance, technology finance and other aspects to help GNMI to improve the efficiency of global capital management and promote its steady and rapid development. ”
Promote the linkage between M&A funds and equity investment to boost the global strategic layout
In recent years, GNMI has achieved strategic expansion of its global market through a series of international mergers and acquisitions. It has successfully acquired South Korea’s CQV and the surface solutions businesses of Germany’s Merck, and has entered the ranks of the world’s leading companies in surface performance materials. This time, the two sides discussed over the fields of M&A funds, industrial investment funds, and strategic equity investment. They will effectively use the investment-loan linkage model to promote more high-quality asset mergers and acquisitions and further strengthen the global strategic layout of GNMI.
Chairman Surtian emphasized: “GNMI’s global integration strategy requires efficient and strong financial support. We look forward to more thorough?cooperation with Shanghai Pudong Development Bank to form complementary advantages in the fields of M&A financing, industrial investment and strategic equity investment, and jointly promote the implementation and landing of the company’s globalization strategy. ”
Work together to create an intelligent manufacturing and industrial chain financial ecosystem
The two sides also went deep into intelligent manufacturing upgrading, industrial chain finance and technology and finance innovation, and reached a preliminary cooperation consensus:
- Intelligent manufacturing financing: Support GNMI to realize the transformation and upgrading of intelligent manufacturing in Tonglu project and global production base;
- Industrial chain finance: Build an integrated supply chain financial service system to provide efficient financial support for upstream and downstream enterprises to strengthen industrial chain synergy;
- Green finance: Focusing on new energy materials and low-carbon manufacturing, we jointly explore innovative green financial products to help enterprises achieve sustainable development goals.
In the future, GNMI and Shanghai Pudong Development Bank Hangzhou Branch will continue to deepen cooperation and carry out long-term strategic cooperation around Tonglu project construction, global fund management, M&A funds, intelligent manufacturing upgrading and other fields, to promote China’s new materials industry to the high end of the global industrial chain and help the high-quality development of the manufacturing industry.
This meeting was attended by the heads of the Corporate Business Department, Investment Banking Department, Transaction Banking Department, Credit Management Department, and Corporate Customer Department of Shanghai Pudong Development Bank Hangzhou Branch. GNMI’s Director and Vice President Jin Zengqin, Vice President Dong Wenta, CFO Mai Xingqiang and other members of the top management team participated throughout the process to discuss future in-depth cooperation models.
