A Nigerian construction firm, Ronchess Global Resources Plc, has listed on the Growth Board of the Nigerian Exchange Limited.
The company’s ordinary shares of N1 each at N81 per share were listed with zero liability.
It said it recently got approval to list 91 million units of its shares by way of introduction, with Mainstreet Capital Limited as its issuing house/financial adviser and FSDH Capital Limited as the stockbroker.
It added that the approval was in furtherance to the Securities and Exchange Commission’s approval earlier in August 2021 for the listing.
The Chief Executive Officer of the company, Jackson Ukuevo, said, “It has been long coming, and we have invested our time, effort and experience in getting listed on the Nigerian Stock Market with zero liability.
“For 13 years, Ronchess Global Resources has been committed to the highest industry standards, introducing technology, environment-friendly or recycled materials and new building techniques to increase the longevity of road networks and sustainability roads to reduce maintenance costs.
“The new listing will provide direct access to new markets, invest in new projects and facilitate opportunities to expand revenue options for both the company and our shareholders.”
Comments are closed.