Ronchess Global lists on the exchange, targets N7.3bn

A Nigerian construction company, Ronchess Global Resources Plc is listed on the Growth Board of the Nigerian Exchange Limited.

The company’s N1 common stock at N81 per share was quoted without liability.

It said it recently received approval to list 91 million units of its shares by way of introduction, with Mainstreet Capital Limited as issuer/financial advisor and FSDH Capital Limited as broker.

It added that the approval was in addition to the Securities and Exchange Commission’s approval for listing earlier in August 2021.

The company’s Chief Executive Officer, Jackson Ukuevo, said: “It has taken a long time and we have invested our time, effort and experience to be listed on the Nigerian stock market without liability.

“For 13 years, Ronchess Global Resources has been committed to the highest industry standards, introducing technology, environmentally friendly or recycled materials and new construction techniques to extend the life of road networks and sustainable roads and reduce maintenance costs.

“The new listing provides immediate access to new markets, invests in new projects and facilitates opportunities to expand revenue opportunities for both the company and our shareholders.”

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