Core Viewpoint - BBSB INTL, a civil engineering contractor, has successfully completed its IPO with significant oversubscription, indicating strong investor interest and confidence in the company's growth potential in the Malaysian civil engineering sector [1] Group 1: IPO Details - BBSB INTL's IPO took place from December 31, 2025, to January 8, 2026, with a total of HKD 778.7 billion in margin loans secured by brokers, leading to an oversubscription of 8,898 times [1] - The company plans to issue 130 million shares, with 10% allocated for public offering and 90% for placement, at a price range of HKD 0.6 to 0.7 per share, aiming to raise up to HKD 87.5 million [1] - The expected listing date on the Hong Kong Stock Exchange's Growth Enterprise Market is January 13, 2026, with the exclusive sponsor being Lihua Enterprise Financing Limited [1] Group 2: Company Background and Market Position - BBSB INTL has over 16 years of experience in the Malaysian civil engineering sector, primarily providing bridge engineering services for large-scale transportation infrastructure projects initiated by the Malaysian government or its affiliates [1][2] - The company has expanded its service offerings to include flood control engineering, leveraging its existing expertise in bridge engineering [2] - BBSB INTL holds the highest contractor licenses (G7 level) from the Construction Industry Development Board of Malaysia, allowing it to undertake unlimited contract values in civil and structural engineering [2] Group 3: Financial Performance - For the fiscal years 2023 and 2024, BBSB INTL reported revenues of approximately MYR 76.8 million and MYR 133 million, respectively, with a net loss of MYR 14.5 million in 2023, followed by net profits of MYR 26.2 million in 2024 [2] - In the first six months of 2024 and 2025, the company achieved revenues of MYR 69.8 million and MYR 74 million, respectively, with net profits of MYR 1.21 million and MYR 0.32 million [2] Group 4: Use of IPO Proceeds - Approximately 65.2% of the net proceeds from the IPO will be used to strengthen the company's financial position, 19.8% for expanding workforce to support regional growth, 5% for upgrading information systems and internal processes, and 10% for general working capital [3]
新股消息 | BBSB INTL(08610)招股结束 孖展认购额录得778.7亿港元 超购8898倍