JBB BUILDERS' majority shareholder has completed the share placement.

The Zhtng financial APP reported that JBB BUILDERS (01903) announced that on July 11, 2025, the company was informed by Ngooi Nating that, according to the terms and conditions of the placement agreement (Placement Agreement) entered into between JBB Berlian Investment Limited (the holding shareholder and the ultimate beneficial owner of Ngooi Nating) (the seller) and China Zong Heng Finance Group Limited (the placement agent) (a licensed corporation capable of conducting regulated activities of type 1 (securities trading), type 4 (providing advice on securities) and type 9 (asset management) under the Securities and Futures Ordinance), all of the seller's existing 100 million shares (representing approximately 20% of the total issued share capital of the company as of the date of this announcement) have been successfully placed at a price of HK$0.6 per share to five underwriters by the placement agent on July 11, 2025.