Dongfang yuhong acquires 880 million yuan stake in chilean building materials retail company

On July 17, Dongfang Yuhong announced in a statement that its wholly-owned subsidiary intends to acquire 100% of the shares of Chilean building materials retail company Construmart S.A. for $123 million (approximately 880 million yuan).

According to the announcement, Dongfang Yuhong Overseas Construction Development Company will hold a 99% stake in Construmart, while the International Trade Company will hold 1%. The target company was established in 1986 and operates 31 building material supermarkets in Chile, mainly selling construction auxiliary materials, bathroom products, and other items. The revenue for 2024 is expected to be 2.093 billion yuan, with a net profit of 35 million yuan and a debt-to-asset ratio of 54%.

As of the end of May 2025, Construmart has total assets of 1.131 billion yuan and net assets of 520 million yuan.

Dongfang Yuhong stated that this acquisition will integrate the channel and supply chain resources of both parties and explore growth points for international business.