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BBSB International Limited Proposes Listing on GEM of HKEx to raise a maximum of approximately HK$87 million by way of Share Offer

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Highlights

  • An established civil engineering contractor in Malaysia specialised in providing bridge engineering services as a subcontractor for large scale transportation infrastructure, with over 16 years of experience.
  • Provides 2 main types of services: (i) bridge engineering works and (ii) flood mitigation works.
  • Holds the highest grade of contractor licence under the CIDB – Grade G7 qualification in Category CE (Civil Engineering Construction), Category B (Building Construction) and Category ME (Mechanical and Electrical) in Malaysia, which allows the Group to undertake civil and structural works of unlimited tender/contract value.
  • The Group mainly provides services in projects owned or initiated by the government or government-linked companies in Malaysia, and has participated in a number of notable projects, such as Eastern Dispersal Link, Duta-Ulu Kelang Expressway, Damansara-Shah Alam Elevated Expressway and the SUKE Highway.


Financial Highlights

RM’000 FY2023 FY2024 6M2024unaudited 6M2025
Revenue 76,757 133,002 69,786 73,986
Bridge engineering works 74,594 123,208 64,263 73,148
Flood mitigation works 2,163 9,794 5,523 838
Gross Profit 10,990 25,664 10,594 15,806
Gross Profit Margin (%) 14.3 19.3 15.2 21.4
(Loss)/profit and total comprehensive income for the year/period attributable to owners of the Company (14,460) 26,189 12,112 3,201

HONG KONG SAR – Media OutReach Newswire – 31 December 2025 – BBSB International Limited (“BBSB” or the “Company”, together with its subsidiaries, the “Group”, stock code: 8610.HK), announces the details of its plan to list on the GEM of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

A total of 125,000,000 shares, subject to the Offer Size Adjustment Option, will be offered under the Share Offer, of which 90%, or 112,500,000 shares will be offered by way of Placing; while the remaining 10%, or 12,500,000 Shares (subject to reallocation) will be offered under the Public Offer. The Offer Price per Offer Share is expected to be not less than HK$0.6 and not more than HK$0.7. The shares will be traded in board lots of 4,000 shares each. The Public Offer will commence at 9:00 a.m. on 31 December 2025 (Wednesday) and close at 12:00 noon on 8 January 2026 (Thursday). The final offer price and allotment results are expected to be announced on 12 January 2026 (Monday). Dealings in shares of BBSB on the GEM of the SEHK are expected to commence on 13 January 2026 (Tuesday).

Assuming an Offer Price of HK$0.65 per Offer Share (being the mid-point of the indicative price range of the Offer Price), the aggregated net proceeds from the Share Offer, after deducting related expenses and assuming the Offer Size Adjustment Option is not exercised, will be approximately HK$56.0 million (equivalent to approximately RM30.2 million). The Group intends to use these net proceeds for the following purposes: 1) approximately 65.2% to strengthen its financial position to pay for the upfront costs of its potential projects; 2) approximately 19.8% for expansion of workforce to support growth across all regions; 3) approximately 5.0% to upgrade and digitise the Group’s information systems and internal processes; and 4) approximately 10.0% for general working capital.

Lego Corporate Finance Limited is the Sole Sponsor. Lego Securities Limited is the Sole Overall Coordinator. Lego Securities Limited and Fortune Origin Securities Limited are the Joint Bookrunners and Joint Lead Managers.

Cornerstone Investors

The Group has entered into cornerstone investment agreements with 2 cornerstone investors, namely Mr. Choy Joo Seong and Mr. Tan Nam Joo, pursuant to which each of the cornerstone investors have agreed to, subject to certain conditions, subscribe for such number of Shares at the Offer Price, which may be purchased with an amount of HK$7.0 million.

Business Overview

The Group is an established civil engineering contractor in Malaysia with over 16 years of experience, specialising in providing 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. The Group’s business provides 2 categories of services:

  1. Bridge engineering works which primarily involve (i) the design and construction of girder bridges; and (ii) construction of the connecting highways, roads and facilities ancillary to the girder bridge, such as drainage, sewerage, lightings and signages; and
  2. Floor mitigation works, focusing on the design and construction of flood mitigation structural solutions to reduce flooding risks.

During the Track Record Period, the Group has completed 2 transportation infrastructure engineering projects. Project JB25, which involved step-in works to assist in the completion of certain outstanding work along the SUKE Highway, had a total contract value of approximately RM33.1 million. Project JB30, involving the construction of earth work and drainage works along Raub Bypass, had a total contract value of RM25.0 million. As at the Latest Practicable Date, the Group has 5 ongoing projects with a total contract value of approximately RM723.5 million.

Competitive Strengths

1. Proven track record in the transportation infrastructure engineering market in Malaysia

The Group has established a strong foothold in the transportation infrastructure engineering market in Malaysia since 2008. Attributed to its experiences in undertaking large-scale transportation infrastructure engineering projects in Malaysia, the Group is registered with the highest contractor licence under the CIDB that allows it to undertake civil and structural works of unlimited tender/contract value. The Group has participated in various major transportation infrastructure engineering projects in Malaysia. This demonstrates not only the Group’s technical capability and service quality, but also its potential to capture future opportunities in the transportation infrastructure engineering market in Malaysia.

2. Provide holistic value engineering solutions to customers

The Group is able to provide holistic value engineering to customers, which take into account construction cost, timelines and environmental impacts. Value engineering is a systematic methodology that applies established tools and techniques to identify, analyse and optimise the functions of a project. Through detailed analysis of project requirements and close collaboration with its customers, the Group ensures that the final design is both efficient and cost-effective.

3. Management team with in-depth industry experience and knowledge

The Group’s management team has extensive industry experience and expertise in the transportation infrastructure engineering industry, especially in the provision of bridge engineering services for large-scale transportation infrastructure engineering projects in Malaysia. Datuk Tan, the chairman of the Board and an executive Director, is a professional engineer in Malaysia and a chartered professional engineer in Australia with over 36 years of experience in the transportation infrastructure engineering industry across both public and private sector projects in Malaysia.

4. Committed to upholding safety and eco-friendliness

The Group places emphasis on safety standard, stringent quality control and environmental protection in the execution of its projects. Its management systems for provision of construction and completion of its projects were certified to be in compliance with the standard required under ISO 9001.

5. Established stable business relationships with major customers, suppliers and subcontractors

The Group’s extensive experience and technical knowledge, coupled with its steadfast commitment to safety, quality and environmental responsibility, have earned the confidence of its customers. The Group has been able to maintain long-term business relationships with reputable and large-scale construction and engineering contractors. As at the Latest Practicable Date, its 5 largest customers in each of FY2023 and FY2024 and 4 largest customers in 6M2025 had maintained a business relationship with the Group for up to eight years.

BUSINESS STRATEGIES

1. Competing for more upcoming large-scale transportation infrastructure engineering projects and flood mitigation projects in both Peninsular Malaysia and East Malaysia

Under the policy framework of the Twelfth Malaysia Plan between 2021 to 2025, the Malaysian government has prioritised infrastructure improvement and inter-regional connectivity. To advance these objectives, RM86.0 billion was allocated to key sectors such as transportation and municipal infrastructure in 2025. The Group’s established track record coupled with its successful application of civil engineering expertise to flood mitigation projects position the Group favourably to bid for future large-scale projects in both Peninsular Malaysia and East Malaysia.

2. Further strengthening manpower and enhancing project management capability

Bridge engineering works within transportation infrastructure projects typically span 1 to 5 years. The Group is required to deploy a full project management team for each project. To ensure the effective execution of any newly awarded projects without compromising the progress, quality, or safety standards of ongoing works, additional recruitment would be necessary to strengthen the Group’s project supervision and site management capabilities.

3. Expansion of workforce to support growth across all regions

The Group plans to expand its headquarters workforce in Peninsular Malaysia to strengthen its central operational capabilities. The expansion in workforce at headquarters will create a robust foundation that not only supports the Group’s current project commitments but also positions it to capitalise on future growth opportunities.

4. Upgrade and digitise the Group’s information systems and internal processes

At present, the Group does not have an integrated IT system in place and instead relies on individual software tools for specific functions such as budgeting, scheduling, and documentation. The Group intends to acquire a range of software, IT infrastructure upgrades, and process enhancements to establish a streamlined and integrated procurement management system.

Hashtag: #BBSB #IPO

The issuer is solely responsible for the content of this announcement.

BBSB International Limited

BBSB International Limited is a civil engineering contractor in Malaysia with over 16 years of experience, specialising in providing bridge engineering services for large-scale transportation infrastructure engineering projects owned or initiated by the government or government-linked companies in Malaysia. The Group has strategically expanded its civil engineering works to include flood mitigation works. The Group has participated in a number of notable transportation infrastructure engineering projects in Malaysia, such as Eastern Dispersal Link, Duta-Ulu Kelang Expressway, Damansara-Shah Alam Elevated Expressway and the SUKE Highway. The Group currently holds a CIDB Grade G7 qualification in Category CE (Civil Engineering Construction), Category B (Building Construction) and Category ME (Mechanical and Electrical) in Malaysia, which is the highest grade of contractor licence under the Construction Industry Development Board of Malaysia, allowing it to undertake civil and structural works of unlimited tender/contract value.

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Cregis to Explore the Next Phase of Digital Finance at Consensus Hong Kong 2026

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HONG KONG SAR – Media OutReach Newswire – 23 January 2026 – As stablecoins, AI, and automated systems increasingly enter real-world finance and payments, digital asset infrastructure is approaching a critical inflection point. Enterprise blockchain infrastructure provider Cregis has announced it will participate in Consensus Hong Kong 2026, taking place February 10–12, where it will engage with industry peers on the evolving role of stablecoins, enterprise asset management, and emerging technologies in financial systems.

Attendees can visit Booth 1808 at the Hong Kong Convention and Exhibition Centre to explore Cregis’ infrastructure offerings, including its crypto payment engine, self-custody MPC wallet infrastructure, and enterprise-grade self-custody solutions. According to the team, the event represents not just an industry appearance, but an opportunity to observe and contribute to a deeper question: how crypto assets can meaningfully integrate into real financial systems.

Digital Assets Enter Business Operations

Over the past few years, much of the industry conversation has centered on issuance and trading. But as institutional participation accelerates, the focus is shifting toward a more complex challenge: how digital assets are operated in secure, compliant, and efficient ways.

As financial institutions and payment companies begin using on-chain assets in real business workflows, asset management is no longer just about private key security. It becomes a system-level problem involving multi-party coordination, permission design, auditability, and risk governance.

Against this backdrop, Cregis plans to focus on:

  • The security and coordination requirements of enterprise asset management in stablecoin and payment use cases
  • How permissions, accountability, and auditability should function across multi-team, multi-system operations
  • How automation and intelligent systems are redefining the requirements for underlying asset infrastructure


Stablecoins Move to the Center of Financial Infrastructure

Consensus Hong Kong 2026’s agenda reflects a broader industry shift. Compared with previous years, stablecoin-related discussions have expanded significantly, with the focus moving from whether stablecoins are viable to how they scale.

Topics around cross-border payments, settlement efficiency, liquidity movement, and regulatory frameworks are increasingly seen as the connective layer between crypto-native systems and traditional finance. For many industry participants, this marks a transition: crypto assets are no longer viewed primarily as speculative instruments, but as emerging components of financial circulation infrastructure.

AI, Automation, and Crypto Enter the Execution Phase

Beyond stablecoins, the convergence of AI, robotics, and crypto has emerged as another defining theme at Consensus 2026. Rather than focusing on conceptual narratives, industry discussions are now centered on execution. Attention has shifted toward ensuring asset security as AI agents operate autonomously, clarifying responsibility and authority when automated systems participate in economic activity, and rethinking how financial infrastructure must evolve as enterprise systems themselves become economic actors.

Together, these discussions reflect a broader industry shift: technological convergence is moving decisively toward real-world deployment, marking a transition from storytelling to implementation.

The Debate Has Shifted

Disagreements around the future of crypto adoption remain. But the nature of the debate has changed. At Consensus Hong Kong 2026, the discussion is less about whether crypto will be adopted, and more about:

  • What form adoption will take
  • Whether infrastructure will become invisible to end users
  • Who bears systemic risk, and who defines operational rules

In this context, the maturity of infrastructure is emerging as a key determinant of where the industry goes next.

Observing and Participating in an Inflection Point

The industry is transitioning from “exploring possibilities” to “building durable systems.” The evolving themes at Consensus Hong Kong 2026 are a clear signal of that shift.

As stablecoins, digital assets, and intelligent systems move deeper into real financial and commercial environments, the resilience, controllability, and compliance-readiness of infrastructure will determine how far adoption can go. During the event, Cregis will engage with participants across payments, financial institutions, and Web3, while continuing to focus on the evolution of enterprise digital finance infrastructure.

Cregis aims to provide enterprises with end-to-end digital asset management and operational infrastructure. By building security-first, flexible, and compliance-oriented systems, the company seeks to abstract complex onchain operations into standardized solutions that enterprises can easily integrate and manage — helping institutional clients navigate this industry transition with confidence.
Hashtag: #consensus2026 #cregis #Stablecoins


is a global provider of enterprise-grade digital asset infrastructure, delivering secure, scalable, and compliant solutions for institutional clients.

Its core offerings—MPC-based self-custody wallets, Wallet-as-a-Service, and a robust Payment Engine—help exchanges, fintech platforms, and Web3 businesses manage digital assets with confidence.

With over 3,500 businesses served globally, Cregis empowers businesses to accelerate their Web3 transformation and unlock new digital asset opportunities.

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HKCSS Releases Inaugural Data on Caring Business Practices in Hong Kong

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3,500 Companies Recognized; Support for Working Caregivers Emerges as New Benchmark for Friendly Workplaces

HONG KONG SAR – Media OutReach Newswire – 22 January 2026 – 22 January 2026 – The Hong Kong Council of Social Service (HKCSS) held the 2024/25 Caring Company Scheme Recognition Ceremony today at the Hong Kong Convention and Exhibition Centre. Mr. Chris SUN Yuk-han, JP, Secretary for Labour and Welfare of the Hong Kong Special Administrative Region, attended as the Guest of Honour. This year, a total of 3,500 caring companies and organisations were recognised.

The Caring Company Scheme Recognition Ceremony cum Release of the Caring Business Achievements Overiview concluded successfully today, Mr. Chris SUN, JP, Secretary for Labour and Welfare (centre), joined HKCSS management for a group photo.
From left:Hon Grace CHAN Man-yee, Chief Executive Of HKCSS
Mr. CHAN Tsz Ming, Director, Analysts at Level 1, Department of Social Affairs, Liaison Office of the Central People’s Government in the HKSAR
Mr. Chris SUN, JP, Secretary for Labour and Welfare
Revd Canon Hon Peter Douglas KOON Ho Ming, SBS, JP, Chairperson of HKCSS
Mr. CHAN Charnwut, Bernard, GBM, GBS, JP, Vice-chairperson of HKCSS
Ms. CHAK Tung Ching, Yvonne, Vice-chairperson of HKCSS

For the first time, HKCSS released the major findings from the Caring Business Achievements Overview, providing an in-depth look at corporate trends in addressing social issues such as population ageing, workforce challenges, and climate change across four key pillars: Partnership, Social, Economic, and Environmental Sustainability.

Mr. Chris SUN Yuk-han, JP, Secretary for Labour and Welfare of the Hong Kong Special Administrative Region, congratulated the businesses and organizations recognized by the Caring Company Scheme. He emphasized that building a compassionate society requires collaboration with the business community, which plays a vital role alongside government and non-governmental efforts. By prioritizing employee welfare, employers not only uplift families but also drive growth, attract talent, and foster mutual benefits. Mr. SUN called upon the business sector to engage more proactively in this initiative, fostering a collective commitment to building a more caring society for all.

3,500 companies were commended today; top performers were awarded logos representing leading levels of performance.
3,500 companies were commended today; top performers were awarded logos representing leading levels of performance.

24 Years of Deep-Rooted Partnership: 28% of Collaborations Last 10 Years or More

The Caring Company Scheme has been running for 24 years. The Revd Canon the Hon. Peter Douglas KOON, SBS, JP, Chairman of HKCSS, stated in his speech: “The Scheme underwent a significant revamp recently to localise international sustainability frameworks. Through our inaugural data analysis, we can observe the business sector’s overall performance in tackling challenges like population ageing and climate change. We hope these trends will guide companies to transform a culture of care into concrete business decisions.”

Data indicates that business-social partnerships have built a solid foundation. Over 70% of companies have maintained partnerships with community partners for three years or more, while 28% have sustained collaborations for over a decade, reflecting a commitment to long-term stability in cross-sectoral collaboration.

104 companies were recognised as Caregiver-Friendly for their outstanding support measures.
104 companies were recognised as Caregiver-Friendly for their outstanding support measures.

New Frontier in the Workplace: Support for Working Caregivers Emerges as a Key Focus

Corporate performance in supporting caregivers has become a focal point. Data reveals that over 80% of companiess have popularised flexible work arrangements, and 104 companies received special “Caregiver-Friendly” commendations for their outstanding support measures this year.

Hon Grace CHAN Man-yee, Chief Executive of HKCSS, observed several innovative cases: “Some companies have implemented eight weeks of fully paid adoption leave, five days of leave for only-child caregivers, and even ‘Grandchild Leave’. Others provide patient companion service. Supporting caregivers does not necessarily require massive financial investment; as long as it starts from the employees’ needs, the possibilities for caring business are endless.”

Five Key Recommendations: From “Ad Hoc Actions” to “Policy Integration”

While companies excel in charitable donations and active participation, there is room for improvement in environmental data tracking (currently at approximately 30%) and workplace diversity. Consequently, HKCSS proposes five key recommendations:

  1. Deepen Caring Standards: Treat the Caring Company Scheme indicators as operational benchmarks to establish a systematic socially responsible business model.
  2. Promote Professional Sharing and Responsible Procurement: Encourage management to join NGO boards as volunteers to provide professional support and integrate NGO products into corporate procurement supply chains.
  3. Build Diverse and Inclusive Workplaces: Actively employ disadvantaged groups to tap into new talent pools and implement flexible work to support working caregivers.
  4. Sustain Investment in Talent Development: Recognize talent as a driver of economic growth, enhance staff training, and strengthen mental health support.
  5. Initiate Data-Driven Management: We recommend that companies immediately start tracking data related to sustainability performance to ensure that social initiatives are measurable and sustainable.

In 2024/25, the Caring Company Scheme received over 4,300 applications. Ultimately, 3,500 companies and organisations were recognised the Caring Company and Caring Organisation logos, comprising large corporations (42%), SMEs (51%), and organisations (7%). HKCSS emphasised that the data release aims to establish a long-term mechanism to guide the business sector in finding room for improvement and addressing future social challenges through collaboration.

Hashtag: #TheHongKongCouncilofSocialService #HKCSS #theCaringCompanyScheme #Caregiver-Friendly

The issuer is solely responsible for the content of this announcement.

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Strong wealth management and IPO pipelines to underpin Hong Kong bank growth in 2026, says KPMG

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Digital assets, artificial intelligence, and cybersecurity top the transformation agenda

HONG KONG SAR – Media OutReach Newswire – 22 January 2026 – Hong Kong’s banking sector enters 2026 from a position of financial strength — well-capitalised, highly liquid, and supported by structural inflows and robust wealth management growth. Despite an evolving macroeconomic and investment environment, the sector remains well-positioned to pursue targeted growth opportunities.

KPMG’s latest report, the Hong Kong Banking Outlook 2026, expects Hong Kong banks to capitalise on the strong wealth management pipeline and a revitalised IPO market, deploying capital where risk-adjusted returns appear most attractive. The report also spotlights the key priorities for the year ahead: advancing digital assets, embracing AI innovation, and fostering closer collaboration between private banks and asset managers to strengthen Hong Kong’s position as a world-leading centre for offshore private wealth management.

Paul McSheaffrey, Senior Banking Partner, Hong Kong SAR, KPMG China, says: “As we enter 2026, KPMG is more optimistic about Hong Kong’s banking sector. The strong performance of Hong Kong’s equity market in 2025 has significantly lifted sentiment. Recent policy initiatives, including efforts to strengthen the city’s fixed-income market and to support Chinese Mainland enterprises in ‘going global’ through Hong Kong, provide further confidence in the future. We expect increased bank investment and hiring to follow.”

Jianing Song, Head of Banking and Capital Markets, Hong Kong SAR, KPMG China, says: “In 2026, AI will evolve from a support tool to a core driver of competitiveness for Hong Kong banks. Banks are increasingly focused on productivity gains, on measuring ROI, and on embedding AI across operations in a way that delivers tangible benefit. In corporate banking, this shift may finally see paper, physical signatures, and batch processing phase out.”

Tokenisation moves beyond proof of concept
Hong Kong is positioning itself as a global leader in digital assets, with banks conducting real-world transactions using tokenised deposits through the Hong Kong Monetary Authority’s Project Ensemble1. A wave of stablecoin licence applications is also underway, and tokenised gold is being issued. Looking ahead to 2026, KPMG expects traditional banks and the digital-asset ecosystem to move closer together. Banks will likely begin offering services such as digital-asset custody and a broader range of tokenised products as the regulatory framework becomes clearer.

Simon Shum, Head of Digital Assets, Hong Kong SAR, KPMG China, says: “The pace of change will only accelerate this year. Banks should focus on building their blockchain expertise, ensuring governance and controls are robust, and staying close to regulatory developments, particularly around AML, cybersecurity and risk management, as the digital asset ecosystem continues to evolve rapidly.”

Rising threats push banks toward automation-led cyber defence
As Hong Kong banks accelerate toward a digital-first future, the cyber threat landscape will remain a critical challenge in 2026. KPMG expects threat actors to increasingly leverage AI and automation to identify vulnerabilities with greater speed and precision, while attacks through third parties and the broader digital ecosystem continue to rise. For banks, this means cyber resilience will become an even more pressing board level priority. The HKMA will continue expectations around technology risk management, clear accountability for cyber risk, and the ability of banks to maintain critical services and recover swiftly when incidents occur.

Lanis Lam, Partner, Technology Risk, KPMG China, says: “As rising cyber risks, evolving technology, and shifting regulatory expectations redefine the landscape, banks in 2026 must strategically prioritise three areas: real-time threat detection, governance of third-party dependencies, and seamless integration between technology, risk, and business functions to drive cohesive and effective responses. Ultimately, automation should be a core enabler of cyber resilience, not just a tool for efficiency but a catalyst for proactive defence and operational agility.”

Hashtag: #KPMG

The issuer is solely responsible for the content of this announcement.

About KPMG

KPMG in China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. It started operations in Hong Kong in 1945. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. In 2012, KPMG became the first among the “Big Four” in the Chinese Mainland to convert from a joint venture to a special general partnership.

KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.

KPMG firms operate in 138 countries and territories with more than 276,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

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