Core Viewpoint - The company, Dongfang Yuhong, is acquiring a 60% stake in Brazilian company Novakem for approximately 108 million Brazilian Reais, aiming to enhance its position in the construction materials sector and expand its presence in the Latin American market [1][2]. Group 1: Acquisition Details - Dongfang Yuhong's wholly-owned subsidiary, Dongfang Yuhong Brazil, signed a share purchase agreement to acquire 60% of Novakem [1]. - The total investment for the acquisition is around 108 million Brazilian Reais [1]. Group 2: Strategic Objectives - The transaction aligns with the company's vision to become the most valuable enterprise in the global construction materials industry [2]. - The acquisition leverages Novakem's comprehensive advantages in the additives product sector to support the company's expansion in Brazil and Latin America [2]. - The company aims to strengthen its industry moat and create new profit growth points by capitalizing on Brazil's large construction market and economic growth prospects [2].
东方雨虹巴西子公司拟约1.08亿巴西雷亚尔收购Novakem60%股权