Beijing New Building Materials expands financing, acquires waterproofing firms

Beijing New Building Materials Public Company Limited (SZSE:000786) has announced a financial services agreement with China National Building Materials Group Finance Co., Ltd., a related party. This agreement grants the company and its subsidiaries access to deposit, settlement, and comprehensive credit services. Concurrently, the company's wholly-owned subsidiary, Beijing New Building Materials Waterproofing Co., Ltd., will acquire an 80% equity stake in Tangshan Yuan Da Hong Yu Waterproofing Materials Co., Ltd. for 335.56 million yuan and an 80% equity stake in Suzhou Yuan Da Hong Yu Waterproofing Materials Technology Co., Ltd. for 82.576 million yuan.

These acquisitions, valued at 484.5126 million yuan and 103.27 million yuan respectively, based on asset appraisals as of July 31, 2025, aim to strengthen the company’s position in the North China and East China waterproofing markets and optimize its industrial layout. The transactions are pending antitrust review by China's State Administration for Market Regulation. Additionally, Beijing New Building Materials will invest up to 8 billion yuan of idle funds in low-risk wealth management products to improve capital utilization.