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JBB Builders International Ltd. ( (HK:1903) ) has provided an announcement.
JBB Builders International Limited, a company incorporated in the Cayman Islands, has completed the placing of 100,000,000 shares held by its controlling shareholder, JBB Berlian Investment Limited, which is wholly owned by Datin Ngooi. The shares, representing approximately 20% of the company’s total issued share capital, were placed to five independent placees by China Zong Heng Finance Group Limited at a price of HK$0.6 per share. Despite the reduction in shares held by the controlling shareholder, Datin Ngooi and Dato’ Ng continue to control a majority stake of 51.10% in the company, ensuring their position as controlling shareholders.
More about JBB Builders International Ltd.
Average Trading Volume: 283,719
Technical Sentiment Signal: Buy
Current Market Cap: HK$625M
For an in-depth examination of 1903 stock, go to TipRanks’ Overview page.