BBMG

BBMG Corporation
北京金隅控股有限公司
Company typepublic
IndustryBuilding Materials
Founded1996; 28 years ago (1996)
Headquarters22F, Tower D, Global Trade Center, 36 North 3rd Ring Road East, ,
China
Area served
China
Key people
Chairman: Mr. Jiang Weiping
OwnerBeijing City Government (44.93%)
ParentBBMG Group
Websitebbmg.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.[citation needed]

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.[1]

It was listed on the Hong Kong Stock Exchange in 2009 with the IPO price of HK$6.38 per share.[2] 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.[3]

  1. ^ 2010 Annual Report (PDF)
  2. ^ BBMG raises $768 million in HK IPO
  3. ^ BBMG IPO Attracts Five Cornerstone Investors