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 us, 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.
In line with our mandate, Ebi Enaholo gave a speech reinforcing our raison d’etre. He said “…We welcome the idea of the growth board, the innovative solution provided by the Exchange to provide opportunities to encourage small-cap and growth-oriented companies to leverage the capital market to raise long-term capital, stimulate growth, and promote liquidity.