BBMG
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| 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.
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]
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