Appleby Advises BBSB International Limited on Successful Listing on GEM of The Stock Exchange of Hong Kong Limited
Appleby acted as Cayman Islands counsel to BBSB International Limited (“BBSB”, together with its subsidiaries, the “Group”) in connection with its successful listing on GEM of The Stock Exchange of Hong Kong Limited on 13 January 2026.
The listing attracted exceptionally strong investor interest, with the shares under the public offer being oversubscribed by approximately 10,745 times.
The transaction was led by Hong Kong Corporate Partner Judy Lee, with support from Legal Manager Kelly Tang.
BBSB is an established Malaysian civil engineering contractor specialising in bridge engineering services as a subcontractor for large-scale transportation infrastructure engineering projects owned or initiated by the government or government-linked companies in Malaysia. With its reputation and experience in the civil engineering industry, the Group strategically expanded the scope of its civil engineering works to include flood mitigation works, which share the engineering procedures as bridge engineering works.
The net proceeds from the listing will be used to strengthen the Group’s financial position to pay upfront project costs, expand the Group’s workforce, enhance and digitise information systems and internal processes, and for general working capital purposes.
Appleby has a strong track record advising issuers on Hong Kong listings and continues to leverage its Cayman Islands expertise to support clients across the Southeast Asia region on complex equity capital markets transactions.
