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BHCC Holding Limited

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EQS-News News vom 29.08.2017

Announces details of the proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited - Share Offer of 200,000,000 Shares with the Offer Price range of HK$0.45 to HK$0.60 per Offer Share


EQS-News / 29/08/2017 / 18:52 UTC+8

BHCC Holding Limited
(Incorporated in the Cayman Islands with limited liability)

(Stock Code:1552.HK)

Announces details of the proposed Listing on the Main Board of
The Stock Exchange of Hong Kong Limited
****
Share Offer of 200,000,000 Shares
with the Offer Price range of HK$0.45 to HK$0.60 per Offer Share

Investment Highlights:
Solid track record in building construction works in Singapore with more than 13 years of experience and strong project management expertise to provides timely and reliable construction works.
Specialized in reinforcement concrete works
In-house technical team
Well-established management system to ensure safety and quality in building and construction works.
Experienced and dedicated management team; each of the Executive Directors has over 20 years of experience in the construction industry in Singapore
 


(29 August 2017, Hong Kong) BHCC Holding Limited ("BHCC", together with its subsidiaries, the "Group"), a Singapore-based main contractor in the provision of building and construction works, is pleased to announce details of the proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKSE"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the prospectus of BHCC dated 29 August 2017 (the "Prospectus").

Offering Details

BHCC plans to offer a total of 200,000,000 Shares under the Share Offer (subject to the Offer Size Adjustment Option), of which initially 180,000,000 Shares (subject to reallocation and the Offer Size Adjustment Option) will be available for institutional, professional and other investors under the Placing and initially 20,000,000 Shares (subject to reallocation) will be offered to the public in Hong Kong under the Share Offer. The indicative Offer Price range is between HK$0.45 and HK$0.60 per Offer Share.

The Public Offer will commence at 9:00 a.m. on Tuesday, 29 August 2017 and will end at 12:00 noon on Friday, 1 September 2017. The final Offer Price and the allotment results are expected to be announced on Monday, 11 September 2017. Assuming that the Share Offer becomes unconditional at or before 8:00 a.m. in Hong Kong on Tuesday, 12 September 2017, dealings of the Shares are expected to commence at 9:00 a.m. on Tuesday, 12 September 2017 under stock code 1552 on the Main Board of the HKSE with board lots of 5,000 Shares each.

Vinco Capital Limited is the Sole Sponsor and is one of the Joint Lead Managers. Head & Shoulders Securities Limited and Wealth Link Securities Limited are appointed as the Joint Bookrunners and the Joint Lead Managers to the Share Offer.

Solid Track Record
The Group is principally engaged as the main contractor in the provision of building and construction works in Singapore. The Group has more than 13 years of experience in building and construction works for various types of buildings including educational institutions, residential, commercial and industrial buildings in both the public and private sectors. The timeliness, reliability, quality and safety track record placed the Group in a competitive advantageous position and is thus evaluated favourably for tenders.

Specialized in reinforcement concrete works
Specializing in reinforcement concrete works, the Group is able to carry out subcontractor projects profitably. In addition, expertise in reinforcement concrete works allows the Group to monitor subcontractors effectively and increase reliability of its construction works.

Established management system to ensure safety and quality
The continued success of the Group depends on its ability to meet customers' requirements, particularly in respect of safety, quality and environment management. The Group has been continuously accredited and re-accredited with ISO and bizSAFE certifications for the scope of building construction services, indicating that the Group has systems and procedures in place to deliver high quality services while conforming to environmental, health and workplace safety regulations.

In terms of industry prospect, Singapore's construction sector has been a key contributor to its economy for years. The sector grew moderately and its contribution to the country's GDP remained stable. The construction industry has consistently accounted for more than 4% of the Singapore's overall GDP from 2011 to 2016. The construction GDP was valued at approximately S$18.9 billion by the end of 2016, representing an increase of approximately 26.8% from 2011.


Mr. Yang Xinping, Chairman and Executive Director of BHCC Holding Limited commented, "BHCC being a well-established construction company in Singapore, intends to achieve sustainable growth in business and creates long term shareholders' value. Looking ahead, by i) expanding its business and strengthening its market position in the construction industry in Singapore, i) initial capital contribution required for higher value contracts in relation to initial payments to subcontractors and for material purchases, ii) expansion of its workforce to support its business expansion, and iii) improving the Group's productivity with investments in BIM and ERP software, we will strive to achieve the next milestone for the Group."

 

- END -


About BHCC Holding Limited
(Stock Code:1552)

BHCC is a main contractor in the provision of building and construction works in Singapore. It also specializes in reinforcement concrete works which it undertakes on a selected basis as a subcontractor. The Group has more than 13 years of experience in building and construction works for various types of buildings in both public and private sectors. The Group is actively involved as the main contractor in the Singapore Government projects such as educational institutions and public residential building projects, and also private residential, commercial and industrial buildings.

 



Document: http://n.eqs.com/c/fncls.ssp?u=NKWEKBQIYY
Document title: Announces details of the proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited - Share Offer of 200,000,000 Shares with the Offer Price range of HK$0.45 to HK$0.60 per Offer Share

29/08/2017 Dissemination of a Financial Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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