As a result of the share issue, Beijing BBMG Business and Trading Co., Ltd. now owns 51% of the company, Sumitomo Forestry 29% and Mitsui & Co. 20%.
Sumitomo Forestry and Mitsui will provide Beijing BBMG Decoration with Japanese-style interior decoration design and implementation technology and expertise accumulated over many years, working to make comfortable, safe dwellings with space-saving features more widely available in China through this project.
As a general construction materials company, BBMG manufactures and sells a wide variety of products, including household equipment, furniture and cement. Its extensive business activities also include real estate development and management.
Beijing BBMG Decoration is involved primarily in the interior decoration of offices, commercial facilities and other properties. Now that Sumitomo Forestry and Mitsui have become shareholders, it plans to focus on the development of residential interior decoration as a core business area. Sumitomo Forestry will work to improve Beijing BBMG Decoration’s advantage and competitiveness in the Chinese market by providing technical guidance based on expertise developed through its involvement in the housing business in Japan.
Mitsui has around 20 years of experience in the Chinese timber and construction materials business.
