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.jpg) The headquarters of BBMG at Tower D (middle), Global Trade Center | |
| Company type | public |
|---|---|
| Industry | Building Materials |
| Founded | 1996 |
| Headquarters | 22F, Tower D, Global Trade Center, 36 North 3rd Ring Road East, , China |
Area served | China |
Key people | Chairman: Mr. Jiang Weiping |
| Owner | Beijing City Government (44.93%) |
| Parent | BBMG Group |
| Website | 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.[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]