US EditionThe Back of Construmart's Sale to China's Oriental Yuhong: a Second Attempt and Gabriel Ruiz Tagle's Big Profit in a Few Months - La Tercera
3 Articles
3 Articles
Only seven months after agreeing to take control of the Chilean chain of construction materials stores Construmart, Chilean businessman Gabriel Ruiz Tagle agreed to another transaction: to sell the same firm to the Chinese giant of the Beijing Oriental Yuhong Waterproof Technology Co., Ltd., known in the world as Oriental Yuhong.Although the December operation did not know the figures of the business, at this time it was reported that the transa…
(360News) China’s unstoppable rise as the world’s first economy is no longer a distant phenomenon. Today it manifests itself concretely in the heart of Latin America. The recent acquisition of the Chilean Ferret chain Construmart by the Asian giant Beijing Oriental—through its subsidiary Oriental Yuhong—confirms that Beijing’s global economic strategy advances with strength and determination in the region. The operation, valued at 123 million do…
The Chilean firm Construmart, specialized in building materials, was acquired by the Chinese giant Beijing Oriental Yuhong for US$ 123 million. The operation was completed a few months after the company was controlled by a company linked to former minister Gabriel Ruiz-Tagle.
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