BusinessRonchess Global Resources Plc lists shares on Nigerian Exchange...

Ronchess Global Resources Plc lists shares on Nigerian Exchange Limited, targets N7.3 billion

-

- Advertisment -spot_imgspot_imgspot_img

Nigerian construction giant, Ronchess Global Resources Plc, has been listed on the Nigerian Stock Exchange, with the company’s ordinary shares of N1 each at N81 listed on the Growth Board of the Nigerian Exchange Limited (NGX) with a zero liability.

The company recently got approval to list 91 million units of its shares by way of introduction, with Mainstreet Capital Limited as the Issuing House/Financial Adviser and FSDH Capital Limited as the stockbroker. The approval is in furtherance to the Securities and Exchange Commission approval earlier in August 2021 for the listing.

Ronchess Global Resources Plc is a leading provider of traffic solutions, construction and procurement services in Nigeria. Founded in 2008 by Jackson Ukuevo, who is also the C.E.O and currently oversees more than 600 employees, Ronchess Global Resources Plc has grown to become a leading solution provider in the country. With a leadership style focused on inspiration and motivation, Jackson has grown the business into an operation that delivers multi-million-dollar & multi-billion naira revenues annually.

“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.”

The company’s massive client base includes The Federal Ministry of Works, Kaduna state Government, Lagos State Government, River State Government, Delta State Government, Edo State Government, Enugu State Government, Ogun State, Niger State Government, Government, Akwa Ibom State Government, Cross River State Government, and Oyo State Government.

Others are HI-TECH Construction Company, Lekki Concession Company, Julius Berger Nigeria Plc, Reynolds Construction Company Limited, PW Nigeria Limited, FCDA, F.C.T, Abuja, SETRACO Nigeria Limited, Flourmill Nigeria Plc, Lubric Construction Company, Hartland Nigeria Limited, Parkview Estate, J.Harnel & Co. Ltd., UNAAB, LASTMA, ARAB Contractors, and Planet Project

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life in prison by the Lagos State Domestic Violence and Sexual...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching its highest level in more than seven years, roiled by...

Catholic priests declare homosexuality practice, advocate against discrimination

OpenLife Nigeria reports that more than 100 Catholic church officials in Germany came out as lesbian, gay, bisexual, and...

Unknown gunmen abduct Bayelsa State Commissioner for trade

The Bayelsa State Commissioner for Trade and Commerce, Otokito Federal Oparmiola, has been kidnapped by unknown gunmen. Gunmen allegedly kidnapped...
- Advertisement -spot_imgspot_imgspot_img

Oyo set to re-introduce school governing boards

The last administration headed by Senator Abiola Ajimobi introduced school governing boards in all public secondary schools in the...

Oritsedere Otubu takes over as chairman of EKEDC board of directors

Oritsedere Otubu has been named chairman of the board of directors of the Eko Electricity Distribution Company (EKEDC). The declaration...

Must read

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you