Beijing New Building Materials Public Limited Company: Wholly-owned subsidiary plans to buy remaining 30% stake in Sichuan Shuyang Waterproof Materials for about 231 million yuan

NBD AI Bulletin - Beijing New Building Materials Public Limited Company (the Company, SZ 000786, close price: 32.59 yuan) announced on September 23 that the Company's 70% stake in Sichuan Shuyang Waterproof Materials Co., Ltd. has been integrated into the Company's wholly-owned subsidiary Beixin Waterproof. To improve the decision-making efficiency and enhance resource allocation, Beixin Waterproof plans to acquire the remaining 30% stake in Sichuan Shuyang Waterproof Materials Co., Ltd. for about 231 million yuan. After the completion of the acquisition, Beixin Waterproof will hold a 100% stake in Sichuan Shuyang Waterproof Materials Co., Ltd.

The semi-annual report of 2021 shows that the main business of Beijing New Building Materials Public Limited Company is lightweight building materials, waterproof building materials, accounting for 80.91%, 19.09% of revenue, respectively.

Beijing New Building Materials Public Limited Company's chairman is Wang Bing, male, 49 years old, Master of Business Administration. Beijing New Building Materials Public Limited Company's general manager is Chen Yu, male, 43 years old, Master of Business Administration.

(By Lan Suying)

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