bbmg-starts-premarketing-for-700-million-ipo

BBMG starts pre-marketing for $700 million IPO

The Beijing producer of construction materials aims to complete the second largest Hong Kong IPO this year.

BBMG Corporation yesterday started pre-marketing for an IPO that is expected to raise around $700 million, said sources close to the deal. Shares in the company are expected to start trading at the end of the month, and if the deal is completed, it will be the second largest IPO in Hong Kong so far this year.

The company is the largest supplier of building materials in Beijing, Tianjin and Hebei province. Its core business is cement it has a 40% market share in Beijing's overall cement market and a 70% share of the high-grade cement market. On top of cement, it is the second largest commercial concrete producer in Beijing. More than ...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222