BBMG

BBMG Corporation (SEHK: 2009,SSE: 601992), Beijing Building Materials Group Corporation in full name, 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.

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

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