新股消息 BBSB通过港交所创业板聆讯 为马来西亚土木工程承包商

Core Viewpoint - BBSB International Limited is preparing for its listing on the Hong Kong Stock Exchange, focusing on its extensive experience in civil engineering and bridge construction in Malaysia, with a strategic expansion into flood control engineering services [1][2]. Group 1: Company Overview - BBSB has over 16 years of experience as a civil engineering contractor in Malaysia, primarily serving large transportation infrastructure projects initiated by the Malaysian government or its affiliates [1]. - The company was acquired by its executive director in 2004 and is fully owned by its major shareholders [1]. - BBSB holds the highest contractor license (G7) from the Construction Industry Development Board of Malaysia, allowing it to undertake unlimited contract values in civil and structural engineering [1]. Group 2: Market Position - BBSB ranks as the tenth largest bridge engineering subcontractor in Malaysia, with a market share of approximately 2.5% as of 2024 [2][3]. - The company has participated in several significant transportation infrastructure projects, including major highways and expressways in Malaysia [2]. - The Malaysian bridge engineering market is relatively fragmented, with fewer than 30 active subcontractors despite around 2,000 companies holding the G7 certification [3]. Group 3: Financial Performance - For the fiscal years 2023, 2024, and the first six months of 2025, BBSB reported revenues of approximately 76.76 million MYR, 133 million MYR, and 73.99 million MYR, respectively [4]. - The company experienced a net loss of 14.46 million MYR in 2023, followed by a profit of 26.19 million MYR in 2024, and a profit of 3.20 million MYR in the first half of 2025 [4].