Beijing New Building Materials PLC: Wholly-owned subsidiary to acquire 49% stake in Tianjin Beacon Coating Industrial Development

NBD AI Bulletin -- Beijing New Building Materials PLC (SZ 000786, close price: 32.59 yuan) on September 23 announced that the Company's wholly-owned subsidiary is to acquire 49% stake in Tianjin Beacon Coating Industrial Development to expand industrial clout in the coating business. The base price for the transfer is 59.3945 million yuan.

The 2021 semiannual report shows that the main business of Beijing New Building Materials PLC is lightweight building materials, waterproof building materials, accounting for 80.91%, 19.09% of revenue, respectively.

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

(By Gao Han)

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