Sun company fades out building materials business

The supermarkets for building materials, which had been built with great effort, are losing the investment stage of the Oriental Group.

Following the loss of B&Q for many years, after Home Depot retired from China, the days of local building materials supermarkets were also hard to beat. Previously, China National Building Material Investment Group and ARCH respectively held 33% and 32% of the shares in Orient Home Building Materials. Both shareholders recently transferred all shares of China National Building Material Investment Group and ARCH to the Longbai Capital Group.

At present, the Longbai Capital Group holds 65% of the shares in Orient Home Construction Materials, and has become the actual controller of Dongfang Homeland's home building materials. Orient Homestead is down to two shareholders. Dongfang Homeland, a former holding subsidiary of Oriental Group, previously held a 35% stake in Oriental Homeland Home Construction Materials as its actual controller.

The Oriental Group had high hopes for the home furnishing and building materials distribution industry. The building materials supermarket business was once its main business.

In 2008, Oriental Homeland's Oriental Homeland Home Construction Materials introduced a strategic investor. After the strategic investor's capital increase, Orient Homeland Building Materials prepares to create a new building hardware supermarket and decoration center, and implements the "one-stop" service concept.

After obtaining foreign capital injections, Oriental Homeland has high-profile announced that it will create the “Europe Sachs International Home Furnishing Experience Plaza” and selectively deploy 25 existing stores across the country. At that time, Oriental Home also said that in the next 3-4 years, the total number of new homes will reach about 70 stores.