A summary of the collection

To provide foundation engineering services in Hong Kong and Macau. The foundation works of the market are mainly undertaken by its major supporting companies, which mainly include strike construction, ELS engineering, cap construction, floor formation and supporting services (such as load test and construction machine rental service).

The fair provides foundation works services to private institutions and public institutions respectively. Private sector projects mainly include projects sponsored by private developers, construction companies and charitable organizations, while public agency projects include those of the Government (including the Construction Department, Highways Department and Housing Committee) and the Commercial Committee of a Hong Kong railway company.

Industry summary

According to the Ipsos report, the income of Hong Kong's foundation engineering contracting industry increased from HK $13 billion in 2011 to HK $226 billion in 2015, with a compound annual growth rate of 14.8%. Ipsos expects that the demand for housing and commercial infrastructure projects will increase. The income of Hong Kong's foundation engineering contracting industry will reach 31.4 billion yuan in 2020, with a compound annual growth rate of 6.4 percent from 2016 to 2020.

Cymbals

The foundation engineering services of the collection are based on the contract and on an unsustainable basis, and the revenue and premium of the relevant foundation projects depend on the bid of the project, unexpected discontinuation (such as the extension of the contract period), the cost of foundation works and the subsoil conditions of the relevant construction sites. Therefore, the relevant information on the collection of past income and profit rates is only an analysis of past performance, and may not be used as an indication of future performance.

Valuation

According to the IPO documents, assuming that the global development sale was completed on July 31, 2016, 660 shares are expected to be issued upon the completion of the sale of unsold shares. shares should account for HK $208 million to HK $231 million, equivalent to HK $0.3156 to HK $0.3494 per share.