Founded in 2008, the Group is a foundation contractor specializing in subcontracting spiral piles and other foundation works. We can install spiral piles ranging from 1.5 m to 3 m in length. We have invested a lot of money in machinery and have all the standard machinery, machinery and equipment needed for screw pile construction.
During the track record period, we specialize in screw pile construction and are proud of it. We have established business links with a number of engineering and foundation contractors and undertaken projects in the private and public sectors. We only undertake "build-only" projects, do not involve any foundation design, and only need to carry out the works in accordance with the specifications provided. During the track record period and up to the last practicable date, we have completed 19 spiral pile projects, of which 8 are public projects and the remaining 11 are private projects. Apart from spiral pile works, we also provide professional foundation works to the extent permitted by our machinery and equipment, mainly for the removal of existing foundations or waste piles for urban reconstruction projects or railway projects. During the track record period, we have engaged in four foundation demolition projects. As at the latest practicable date, we signed 10 construction contracts with a total outstanding contract of about HK $98364000.
We usually obtain projects through the tendering process of building and foundation contractors, who are our direct customers and act as principal contractors or subcontractors. Sunjie has been registered as a registered specialist contractor for foundation and site formation works with the buildings Department in February 2017 and April 2017 respectively. The Group is qualified to carry out foundation and site formation works in the private sector as the principal contractor in Hong Kong.
During the track record period, all our income came from Hong Kong. In order to diversify our sources of income and seek more profitable foundation projects, we have conducted a project tender in Macau. After the track record period, we have been awarded a foundation contract in Macau. In February 2017, the total value of the initial contract was about 43.9 million patacas. On the latest practicable date, we have started the project work on the contract.
CEO： Guiliang Tang
Listing Date： 10/16/2017