Business Overview Financial Summary
Weiliang Holdings mainly provides rental services for crawler cranes, spring grinding machines, reverse circulation drills and hydraulic groove machines for construction projects in Hong Kong and Macau, trading new or used crawler cranes, reverse circulation drills, double wheel trough cutters, grinding machines and related parts, as well as providing machine transportation and other services. The group mainly procures new construction machinery for the group through German, Korean and Austrian manufacturers or their associated companies equivalent in Hong Kong, while used construction machinery is purchased from local traders or equipment rental services for foreign trade such as China, Korea and Singapore. The Group also leases certain construction machines from other construction machinery service providers to sublease to customers. The Group's main clients include construction engineering companies working on construction projects in Hong Kong and Macau.
Competitive advantage
Established a good reputation and track record in the construction machinery business
We have a strong management team with deep knowledge of the industry and a professional technical service team
Able to procure from suitable suppliers to meet the needs of customers in the construction machinery trade and leasing business
Risk Factors
The majority of revenue comes from a small number of major customers
Equipment rental revenue mainly comes from customer foundation projects that are unusual in nature, so there is no guarantee that new business will continue
The Group's trading business is determined by market demand and ability to purchase related construction machinery
Use of proceeds
Approximately 24.6% will be used to purchase new construction machinery
Approximately 23.5% is used to settle the remaining cost due to the purchase of a new crawler crane
Approximately 2.40% of technical personnel teams are used to recruit and expand the group
Approximately 39.7% used for redeeming bank leases
Approximately 9.80% is used for general working capital