Beijing Oriental Yuhong finalizes Construmart acquisition in Chile

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (BEOY), through its subsidiaries OYH Overseas Development Group Co., Ltd. and OYH International Trade (Shanghai) Co., Ltd., has completed the acquisition of 100% equity in Construmart S.A. of Chile. The initial agreement, signed on July 16, 2025, involved an investment of approximately $123 million, with the final transaction amount adjusted for leakage between the lockbox date and the closing date.

The transaction received necessary approvals, including an overseas investment project filing notice and an overseas investment certificate from Shanghai authorities, and foreign exchange registration with authorized banks. As per the share purchase and sale agreement, BEOY's subsidiaries paid $113 million to the sellers' designated accounts and deposited $10 million into an escrow account in Chile.

The closing was officially completed on October 13, 2025, with the formal signing of share transfer deeds and the update of Construmart's shareholder register and board. Following the acquisition, OYH Overseas Development Group Co., Ltd. now holds 99% of Construmart's equity, and OYH International Trade (Shanghai) Co., Ltd. holds the remaining 1% equity.