Group 1 - Hong Kong construction company Global Development Engineering Company Limited has officially submitted an IPO application to the SEC, planning to list on NASDAQ under the ticker "GDEL" with an expected share price of $4-5, aiming to raise between $15 million to $18.75 million [1] - The company was founded in 2015 and its core business includes building renovation and maintenance, general engineering contracting, and specialized cleaning services, serving clients such as real estate developers, commercial property owners, hotels, hospitals, and individual customers [3] Group 2 - For the fiscal years ending March 31, 2024 and 2025, the company's revenues were HKD 26.49 million and HKD 33.77 million respectively, with net profits of HKD 0.725 million and HKD 0.944 million [6][7]

Core Viewpoint - Global Development Engineering Company Limited (宏拓工程) has filed for an IPO in the U.S., seeking to list on NASDAQ under the ticker symbol GDEL, with a planned share price of $4 to $5 and aiming to raise between $15 million and $18.75 million [1][3]. Financial Data - For the fiscal years 2024 and 2025 (ending March 31), the company projects revenues of HKD 26.49 million and HKD 33.77 million (approximately $4.33 million), with net profits of HKD 730,000 and HKD 940,000 (approximately $120,000) respectively [3]. Company Overview - Headquartered in Hong Kong, the company provides comprehensive construction services, covering the entire process from project design, construction, to completion and post-maintenance. Its core services include renovation and maintenance, general construction, and specialized cleaning services [3]. Shareholding Structure - Prior to the IPO, Sui Hei Chan holds a 60% stake, King Wan Leung holds 4.7%, and Sze Yu Tai holds 8.1%. The total number of ordinary shares held by directors and executive officers amounts to 11,322,500 [6].