BBSB INTL (08610) made its debut on the stock exchange. According to the announcement, the shares were priced at HKD 0.6 each, with a total of 125 million shares issued. Each board lot consists of 4,000 shares, and the net proceeds raised amounted to approximately HKD 50 million. At the time of writing, the stock price had surged by 336.67% to HKD 2.62, with a turnover of HKD 91.18 million.
The prospectus reveals that BBSB INTL is a civil engineering contractor with over 16 years of experience in Malaysia. It specializes in providing bridge engineering services as a contractor for large-scale transportation infrastructure projects owned or initiated by the Malaysian government or government-linked companies. During the track record period, leveraging its reputation and experience in Malaysia's civil engineering sector, BBSB INTL strategically expanded its service scope to include flood mitigation works. This expansion was facilitated by the shared engineering processes between bridge engineering and flood mitigation works in areas such as planning, geotechnical engineering, structural design, construction methods, and environmental compliance.
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