Business Overview Financial Summary
WAC Holdings is a building engineering consultant focusing on comprehensive structural and geotechnical works (mainly provided in Hong Kong). Advisory services include structural engineering, involving load calculation and stress design, geotechnical engineering, involving the calculation of ground surface conditions and assessment of the risks posed by site conditions, a number of civil engineering practice areas, including infrastructure works (such as drainage), and materials engineering, involving analysis and screening of building materials for construction projects. During the performance recording period, the Group's revenue came from more than 250 projects per year. The Group has completed 43, 71 and 195 projects in various periods during the performance recording period. There were 215 projects underway on August 22, 2018.
Competitive advantage
The group is one of the first group of structural engineering consultants for AACSB in Hong Kong
The Group has experienced management and professional teams
The Group provides customers with comprehensive structural and geotechnical consulting services
Risk Factors
The Group relies heavily on the Group's professional business operations, especially the management team
The Group's continued success depends on the Group's response to customer preferences
The group is based on the estimated time and cost involved in the project, and the estimated time and cost involved in the project may deviate from the actual time and cost involved
Use of proceeds
Approximately 29.3% is used to support and expand the structural engineering and geotechnical engineering teams
Approximately 29.3% is used to hire high-quality workers to expand and develop the civil engineering team
Approximately 19.4% were used to expand office infrastructure and upgrade building information models
Approximately 17.6% is used to support and expand materials engineering and building restoration service areas
Approximately 4.4% is used as general working capital