Dongfang Yuhong: Subsidiary intends to acquire 60% equity of Novakem for 108 million Brazilian Real.

vakeim Indstria Qumica Ltda.60% On December 19th, Oriental Yuhong announced that its wholly-owned subsidiary, Oriental Yuhong Brazil Ltd., signed a "SHARE PURCHASE AGREEMENT AND OTHER COVENANTS" with individuals OTTO MASCARENHAS SILVA, HAMBER MARQUES FONSECA, LUIZ SANTOS LEAL, WALTER MAURICIO FERREIRA DE FREITAS, and HUMBERTO RIBEIRO BENINI on November 19th, 2025, Beijing time. According to the agreement, Oriental Yuhong Brazil plans to use its own funds to acquire a total of approximately 108 million Brazilian reais in exchange for 60% equity ownership of Novakem Indstria Qumica Ltda. in Brazil. After this transaction is completed, Oriental Yuhong Brazil will hold a 60% stake in Novakem Indstria Qumica Ltda.