The first exhibition of Asian building materials revealed that the industry is picking up

It is reported that due to the influence of the property market regulation in the past two years, the overall construction and building materials industry is under pressure, and many domestic architectural decoration exhibitions have also experienced varying degrees of decline. As the “Asian Building Materials First Exhibition”, the Guangzhou Construction Expo attracted 2,641 international and domestic exhibitors, with an exhibition area of ​​more than 320,000 square meters, and nearly 130,000 visitors, setting a new record.

At the same time, this exhibition also shows the industry's recovery and growth trend. Almost all the exhibitors interviewed said that the investment and sales in the first half of the year were in good condition. Some companies even said that their half-year sales performance has doubled, and they are very optimistic about the sales forecast for the second half.

In addition, the right to host the exhibition, which has been held for 15 years this year, has also been transferred. The previous Guangzhou Construction Expo was jointly undertaken by China Foreign Trade Guangzhou Exhibition Corporation and Guangzhou Boya Exhibition Co., Ltd., each holding 50% of the shares. A few days ago, the two parties signed an agreement, and Boya Company transferred the entire rights and interests of its Guangzhou Construction Expo to the exhibition head office. Different from previous exhibition companies or project mergers and acquisitions, the acquisition parties are all foreign-funded enterprises. This is the first real large-scale M&A cooperation between Chinese exhibition companies.

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