BBMG explained

BBMG Corporation
北京金隅控股有限公司
Type:public
Location City:Beijing
Location Country:China
Location:22F, Tower D, Global Trade Center, 36 North 3rd Ring Road East
Key People:Chairman

Mr. Jiang Weiping

Area Served:China
Industry:Building Materials
Parent:BBMG Group
Owner:Beijing City Government (44.93%)
Homepage:bbmg.com.cn

BBMG Corporation Ltd. is a cement producer and property developer headquartered in Beijing, China. It is the largest supplier of building materials in Beijing, Tianjin and Hebei province.

BBMG Corporation Ltd. is a state-controlled enterprise, with the majority shareholder being BBMG Group with a 45% stake (as of end 2010). BBMG Group Company Ltd is a wholly state-owned enterprise administrated by the State-owned Assets Supervision and Administration Commission of the Beijing Municipal Government.

It was listed on the Hong Kong Stock Exchange in 2009 with the IPO price of HK$6.38 per share.[1] It mainly attracted five cornerstone investors: China Investment Corporation, China Life Insurance, Bank of China Investment Group, Och-Ziff hedge fund and Robert Kuok of the Kerry Group.[2]

External links

Notes and References

  1. http://www.chinadaily.com.cn/hkedition/2009-07/24/content_8466412.htm BBMG raises $768 million in HK IPO
  2. http://www.e-to-china.com/show.php?contentid=57563 BBMG IPO Attracts Five Cornerstone Investors