| We are a substructure subcontractor in Hong Kong capable of (i) foundation and site
formation works; and (ii) other geotechnical engineering works such as slope works and other
minor geotechnical works such as shotcreting.
We serve different customers which are primarily main contractors or subcontractors of
various types of property development or civil engineering projects in Hong Kong. We, as
subcontractor and sub-subcontractor, secure our projects from main contractors or other
subcontractors, respectively. During the Track Record Period and up to the Latest Practicable
Date, we have completed 24 projects. As at the Latest Practicable Date, we had 12 projects on
hand (including projects in progress and projects which are yet to commence). For each of the
three years ended 31 December 2014, 2015 and 2016, we derived revenue of approximately
HK$53.8 million, HK$75.3 million and HK$131.8 million, respectively. Our Directors estimate
that the total revenue to be recognised subsequent to the Track Record Period from the projects
completed and projects on hand would be approximately HK$184.4 million. |