The Nigerian Exchange Limited on Tuesday, announced the listing of 91 million units of Ronchess Global Resources shares on the Growth Board which officially made the company a quoted company.
The company’s shares were quoted at a price of N81 per share, making the market value stand at N7.37 billion.
In November 2021, the company had declared plans to get listed on the exchange having received approval from the regulatory body, Securities and Exchange Commission, in August 2021.
What you should know about Ronchess Global Resources
Ronchess Global Resources Plc deals in road construction, making it a competitor with Julius Berger Plc, another quoted construction company. Ronchess is also a provider of traffic solutions, mechanised road markings, and materials and boasts of highly skilled airport solution technicians, who specialise in all types of runway and taxiway markings and maintenance.
According to the company, its major focus is to deliver excellence and client satisfaction consistently and therefore we focus on areas of service where we have proven expertise and a solid track record.
Ronchess Global Resources has been in operation for over 13 years as the company marked its 13th year anniversary in September 2021.
Commenting on the recent listing, the CEO, Jackson Ukuevo, “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”. “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.”
Amongst the company’s clientele are the Federal Government and several State governments as well as other construction companies and contractors including Julius Berger Plc, Flourmill Nigeria Plc, ARAB Contractors and so on.
