The first day of new stock | BBSB INTL (08610) first listed in the morning trading at 400% higher price than the initial offering. The company is a Malaysian civil engineering contractor.

BBSB INTL (08610) is listed on the stock exchange for the first time, with an offering price of HK$0.6 per share. A total of 125 million shares were issued, with each lot consisting of 4000 shares, generating a net amount of approximately HK$50 million. As of the time of writing, the stock has risen by 400% to HK$3, with a trading volume of HK$71.6248 million. According to the prospectus, BBSB INTL is a civil engineering contractor in Malaysia with over 16 years of experience, specializing in providing bridge engineering services for large transportation infrastructure projects owned or initiated by the Malaysian government or government-related companies. Leveraging its reputation and experience in the civil engineering industry in Malaysia, BBSB INTL strategically expanded its civil engineering services to include flood control projects during the previous reporting period. This expansion was driven by the common engineering procedures in planning, geotechnical engineering, structural design, construction methods, and environmental compliance between bridge engineering and flood control projects. Since its establishment, BBSB INTL has been involved in several important transportation infrastructure projects in Malaysia, such as the Eastern Evacuation Road, the Ambassador Road-Tanjung Road, the Balak-Gaya South Viaduct, and the SUKE Expressway. By 2024, based on revenue from bridge engineering projects, the company ranks tenth among the largest bridge engineering subcontractors in Malaysia, with a market share of approximately 2.5%.