Ronchess Global Resources Plc lists its shares on the Nigerian stock exchange, targets naira 7.3 billion – nairametrics
Nigerian construction giant Ronchess Global Resources Plc has been listed on the Nigerian Stock Exchange with the company’s common stock from N1 each to N81 listed on the Growth Board of the Nigerian Exchange Limited (NGX) with zero liability.
The company recently obtained approval to list 91 million units of its shares as an IPO, with Mainstreet Capital Limited as issuing house / financial adviser and FSDH Capital Limited as securities broker. . The approval follows the Securities and Exchange Commission approval earlier in August 2021 for listing.
Ronchess Global Resources Plc is one of the leading providers of traffic solutions, construction services and procurement in Nigeria. Founded in 2008 by Jackson Ukuevo, who is also the CEO and currently oversees over 600 employees, Ronchess Global Resources Plc has grown into a leading solutions provider in the country. With a leadership style focused on inspiration and motivation, Jackson has turned the company into a business that generates millions of dollars and billions of naira in revenue every year.
“It was long overdue, and we invested our time, effort and experience to get listed on the Nigerian Stock Exchange without any liability,” said Jackson Ukuevo. “For 13 years, Ronchess Global Resources has been committed to respecting the highest standards in the industry, by introducing technologies, environmentally friendly or recycled materials and new construction techniques to increase the longevity of networks. roads and sustainable roads to reduce maintenance costs. The new listing will provide direct access to new markets, invest in new projects and facilitate opportunities to expand income options for the company and our shareholders.
The company’s broad customer base includes Federal Ministry of Public 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.
The others are HI-TECH Construction Company, Lekki Concession Company, Julius Berger Nigeria Plc, Reynolds Construction Company Limited, PW Nigeria Limited, FCDA, FCT, 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.
The company has years of experience and skill in mechanized road markings, the design and installation of traffic signs, traffic lights and intelligent traffic and transportation data systems. It also offers excellent services in road construction, private, commercial and municipal building construction, open view fence and parametric fence construction.