BBSB International Limited ("BBSB") has passed the listing hearing on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange, with Lighthouse Capital Limited acting as its sole sponsor.
According to its prospectus, BBSB is a Malaysian civil engineering contractor with over 16 years of experience, specializing in bridge construction services for large-scale transportation infrastructure projects owned or initiated by the Malaysian government or government-linked companies. Leveraging its reputation and expertise, BBSB has strategically expanded into flood control projects, which share similar engineering processes with bridge construction.
In 2004, BBSB's executive director, Dato' Tan, acquired a majority stake in BBSB Holdings, its primary operating subsidiary in Malaysia, which is now wholly owned by controlling shareholders Dato' Tan and Datin Pan.
Since 2008, BBSB has held a G7-grade CIDB (Construction Industry Development Board) license—the highest contractor classification in Malaysia—covering civil engineering (CE), building construction (B), and mechanical & electrical (ME) works, allowing it to undertake projects without bid or contract value restrictions.
The company has participated in major Malaysian infrastructure projects, including the East Coast Expressway, DUKE Highway, Damansara-Shah Alam Elevated Expressway, and SUKE Highway. In 2024, BBSB ranked as Malaysia's 10th-largest bridge engineering subcontractor by revenue, capturing a 2.5% market share.
Financially, BBSB reported revenues of RM76.8 million, RM133 million, and RM74 million for FY2023, FY2024, and the first six months of FY2025, respectively. Net profits attributable to owners were RM-14.5 million, RM26.2 million, and RM3.2 million for the same periods.
Malaysia’s bridge engineering subcontracting market, valued at RM4.9 billion in 2024, remains fragmented, with fewer than 30 active players despite over 2,000 G7-certified firms. BBSB’s established track record positions it to benefit from ongoing government investments in transportation infrastructure.
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