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Overview
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| Our Company was incorporated in the Cayman Islands as an exempted company with limited liability on 30 April 2018. |
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Our history can be traced back to 2012 when Dato’ Ng and Datin Ngooi, the founders of our Group, saw potential in the marine construction industry in Malaysia. With the experience and expertise of Dato’ Ng and our management, we, through a dormant company legally and beneficially owned by our founders ( which later became our wholly-owned subsidiary, JBB Builders (M) Sdn. Bhd. ("JBB Builders")), successfully tendered and secured our Group’s first project in the marine construction industry as a subcontractor for an independent deepwater petroleum terminal at a refinery and petrochemical integrated development project.
Due to the rapid growth of our business, in the initial stage, our business model was to engage third party subcontractors to execute the different components of the projects. However, after gaining more experience and finding the huge potential in reclamation works, we found that we would make better profit, through tighter control over our projects and being less dependent on third party subcontractors if we formed subsidiaries directly involving in certain key parts of our projects. Thus, Gabungan Jasapadu Sdn. Bhd. (“Gabungan”) was formed with the aim of owning land based machineries for sand handling/filling in 2013; Pavilion Ingenious Sdn. Bhd. (“Pavilion”) was formed with the aim of performing sand dredging and loading works in 2014 and JBB Marine (M) Sdn. Bhd. (“JBB Marine”) was formed with the aim of chartering sand carriers for marine transportation in 2015. |
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| We successfully tendered and secured for our first project in the marine construction industry as a subcontractor. The project involved river diversion and channel crossing works, which formed a small part of a massive land reclamation work at the independent deepwater petroleum terminal at a refinery and petrochemical integrated development project. We outsourced the actual works to a licensed contractor, who carried out the river diversion and channel crossing works whilst we oversaw and managed the works carried out. We believe that this engagement introduced and exposed us to the marine construction industry and activated our involvement in the land reclamation value chain. |
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We were appointed to design and build the reclamation of 60 acres land at Tanjung Senibong and were also awarded the contract providing marine transportation service. This was our first appointment in the design and build reclamation work as well as the marine transportation service to provide integrated solutions in land reclamation value chain. We believe that these projects paved the way for us to be recognised and considered as a serious and competent player in the marine reclamation industry and also enabled us to expand our business network and business opportunities.
Gabungan was formed with the aim to acquire, own and operate a specific portfolio of land-based machineries, which are used for the sand handling/filling works of our Group’s reclamation projects. We believe that the establishment of Gabungan marked our first move in becoming an integrated player in the marine construction industry, which has enabled us to truly control and command the major components of the reclamation value chain. |
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We were awarded a design and build land reclamation contract for part of Island 3 at Forest City, our first major reclamation project with multinational company, which is also the biggest reclamation project in Malaysia.
Simultaneously, we were awarded a marine transportation contract for Forest City to deliver marine sand.
We were awarded a design and build land reclamation contract for a plot 1 and 2 at the R&F Princess Cove Project — an award winning project in Johor encompassing a total area of approximately 116 acres with an reclamation area of approximately 78 acres, our first deepwater reclamation project. |
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| JBB Marine was set up with the aim to charter and to coordinate a fleet of sand carriers for our Group’s marine transportation works. The establishment of JBB Marine had enabled us to expand and to strengthen our network directly with the sand carrier operators. |
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JBB Kimlun was set up between our Group and Kimlun as the special purpose vehicle tendering for the contract under MBJB Tower Project and we were successfully awarded the contract. MBJB Tower Project is a new 15-storey Grade A office tower which will become the headquarters for the Johor Bahru City Council.
We were awarded a project of maintenance and dredging works at Johor port, being our first dredging job from a subsidiary of a company listed on Bursa Malaysia. |
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On 10 May 2019, the ordinary shares of JBB Builders International Limited was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited.
In October 2019, JBB Resources (HK) Limited was set up in Hong Kong to engage in the trading business of sand and construction. |
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