Core Viewpoint - BBSB International Limited (BBSB INTL) has been listed on the Hong Kong Stock Exchange, experiencing significant price fluctuations on its debut, with a closing price of 0.67 HKD, reflecting an increase of 11.67% from its final offering price of 0.60 HKD [1][3]. Group 1: Company Overview - BBSB INTL is a civil engineering contractor with over 16 years of experience in Malaysia, primarily providing bridge engineering services for large transportation infrastructure projects initiated by the Malaysian government or its associated companies [1]. - The company issued a total of 125,000,000 shares, with 12,500,000 shares available for public offering and 112,500,000 shares allocated for placement [2][3]. Group 2: Financial Details - The total amount raised from the offering was 75.00 million HKD, with a net amount of 50.00 million HKD after deducting estimated listing expenses of 25.00 million HKD [2][3]. - BBSB INTL plans to use the net proceeds to strengthen its financial position for potential project costs, expand its workforce, upgrade its information systems, and for general working capital [3]. Group 3: Key Investors - The cornerstone investors for BBSB INTL are Choy Joo Seong and Tan Nam Joo, each acquiring 11,664,000 shares, representing 9.33% of the total shares issued [5][6]. Group 4: Financial Performance - For the fiscal years 2023, 2024, and the first six months of 2025, BBSB INTL's projected revenues are approximately 76.8 million MYR, 133.0 million MYR, and 74.0 million MYR, respectively [6][7]. - The company recorded a net loss of approximately 14.5 million MYR in fiscal year 2023, followed by a net profit of about 26.2 million MYR in fiscal year 2024 and 3.2 million MYR in the first six months of 2025 [7][8].
BBSB INTL港股募0.75亿港元首日涨12% 盘中一度涨400%