BBMG

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BBMG Corporation
北京金隅控股有限公司
State-owned enterprise
Industry Building Materials
Founded 1996
Headquarters Beijing, People's Republic of China
Area served
 People's Republic of China
Key people
 Chairman: Mr. Jiang Weiping
Website BBMG Corporation

BBMG Corporation (SEHK: 2009,SSE: 601992), Beijing Building Materials Group Corporation in full name,[1] 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.[citation needed]

BBMG Corporation is a state-controlled enterprise, with the majority shareholder being BBMG Group Company Ltd 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.[2]

It was listed on the Hong Kong Stock Exchange in 2009 with the IPO price of HK$6.38 per share.[3] 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.[4]

References

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External links

  1. ↑ Beijing Building Materials Group Co., Ltd
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ BBMG raises $768 million in HK IPO
  4. ↑ BBMG IPO Attracts Five Cornerstone Investors
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