Beijing New Building Materials Public (000786.SZ) subsidiary Beixin Waterproof intends to acquire 80% equity of both Tangshan Yuanda Downpour and Suzhou Yuanda Downpour.

Announcement from Beijing New Building Materials Public (000786.SZ): the company's wholly-owned subsidiary, North New Waterproof Co., Ltd. (referred to as "North New Waterproof"), has re-signed the "Equity Transfer Agreement on Yongda Hongyu (Tangshan) Waterproof Materials Co., Ltd." and the "Equity Transfer Agreement on Yongda Hongyu (Suzhou) Building Materials Technology Co., Ltd." with Hebei Yuxiu, Beijing Yuanda Hongyu, Hebei Yuanchang, Sun Zhining, and other related parties. According to the agreements, North New Waterproof will acquire 80% equity of Tangshan Yongda Hongyu for 336 million yuan and 80% equity of Suzhou Yongda Hongyu for 82.576 million yuan. The announcement states that this transaction is in line with the company's development strategy and business needs, aiming to strengthen North New Waterproof's competitiveness and influence in the waterproof materials market in North and East China, and further improve its nationwide layout.