BBSB INTL Shareholder Deposits Stock into Ligao Securities, Valued at HK$18.48 Million

Stock News08:34

According to the latest data from the Hong Kong Stock Exchange, on March 16, a shareholder of BBSB INTL (08610) deposited shares into Ligao Securities. The deposited shares have a market value of HK$18.48 million, representing 6.06% of the company's issued share capital.

The company's prospectus indicates that BBSB INTL is a civil engineering contractor with over 16 years of experience in Malaysia. The company specializes in providing bridge engineering services as a contractor for major transportation infrastructure projects owned or initiated by the Malaysian government or government-linked companies.

During its track record period, leveraging its reputation and experience in Malaysia's civil engineering sector, BBSB INTL strategically expanded its range of civil engineering services to include flood mitigation works. This expansion was facilitated by the shared engineering processes between bridge engineering and flood mitigation works, particularly in areas such as planning, geotechnical engineering, structural design, construction methods, and environmental compliance.

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