Business summary

KAKIKO GROUP is a service provider based in Singapore. It mainly provides labor dispatch and supporting services to construction and construction contractors in Singapore. The group also provides dormitory services, information technology services, and construction supporting services in Singapore, albeit on a relatively small scale, including warehousing services, cleaning services, and building maintenance projects. The Group has been providing labor dispatch services in Singapore since 2006. Additionally, the Group currently operates two dormitories, namely Woodlands Dormitory and Kesuni Kesun Adut dormitory, Sorting can accommodate 1,500 people and 479 people.

Competitive advantage

Establish good cooperation with the Bangladesh Overseas Examination Center

relationships

Cost advantages of having self-operated dormitories and a fleet of vehicles

Group of mature labor dispatch service providers

Risk Factors

The business of providing labor dispatch services relies on the group's ability to obtain foreign employees. Difficulties in obtaining sufficient foreign workers may have a significant adverse impact on business operations and financial performance

The group relies on overseas test centers in Bangladesh and India to promote foreign workers, and the cooperation with overseas test centers is interrupted, which may have a significant adverse effect on business operations and financial performance

Exposure to credit risks relating to trade receivables

Use of proceeds

Approximately 93.4% was used to pay part of the payment for the purchase of an additional dormitory for foreign workers estimated at $162 million

Approximately 6.6% was used to purchase 10 additional trucks