Slaughter and May advised Beijing Oriental Yuhong on its strategic acquisition of two Hong Kong building materials and waterproofing businesses

Slaughter and May advised Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (Oriental Yuhong) on its first overseas acquisition of Man Cheong Metals and Building Materials and Specialist Products, two leading Hong Kong businesses in distribution and direct sale of building materials, waterproofing and related products with over 60 years of experience.

Oriental Yuhong, a Fortune China 500 company listed on the Shenzhen Stock Exchange, is principally engaged in the waterproof business with an extension to the upstream, downstream and relevant industrial chains, with diversified business segments including in respect of building waterproofing, civil construction materials, architectural coating, specialized mortar, energy saving and heat preservation, building renovation, non-woven fabrics, and specialized film.

Justin Chan, lead partner of the transaction, commented, “This deal marks a significant milestone in Oriental Yuhong’s international development, and showcases Slaughter and May’s first-in-class capability in guiding Chinese clients to achieve their international ambitions, following our recent work of assisting other Greater China clients in making strategic acquisitions in other regions such as South East Asia and Africa.”