Ronchess Global Resources lists shares on NGX, target N7.3bn

  Construction giant, Ronchess Global Resources Plc, has been listed on the Nigerian Exchange Limited (NGX), with the company’s ordinary shares of N1 each at N81 listed on the Growth Board of the NGX with a zero liability. The company recently got approval to list 91 million units of its shares by way of introduction, […]

 

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

The company has years of experience and proficiency in mechanized road marking, design and installation of road signs, traffic lights, and intelligent traffic data & transport systems. It also offers excellent services in road construction, private, commercial and municipal buildings construction, clear view fence and parameter fence construction.

Ronchess 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 over  600 employees.

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.

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, Lagos, River,  Delta , Edo , Enugu , Ogun, Niger, Akwa Ibom ,Cross River and Oyo State Governments.