Core Viewpoint - King Leaf International Group (08549) is set to launch an IPO from September 30 to October 6, 2025, offering 100 million shares at a price range of HKD 0.45 to 0.65 per share, with 10% for public sale and 90% for placement [1][2] Company Overview - The company is a well-established contractor in the electromechanical engineering sector, with a history dating back to 2006, specializing in the supply, installation, maintenance, and repair of HVAC systems, electrical installations, and water supply systems [1] - Historically, the company has primarily acted as a main contractor for private projects, with major clients being large property management companies [1] Revenue Breakdown - For the fiscal years 2023/24 and 2024/25, revenue from private projects accounted for approximately 97.7% and 98.2% of total revenue, respectively, while revenue from projects where the company acted as the main contractor represented about 90.7% and 86.4% of total revenue [2] - The company mainly provides services to existing commercial properties in Hong Kong, managed by several large property management companies [2] Project Locations - The company has serviced various commercial properties across Hong Kong Island, Kowloon, and the New Territories, including notable locations such as Ocean Terminal in Tsim Sha Tsui, Hysan Place in Causeway Bay, and the Central Plaza in Central [2] Use of IPO Proceeds - The estimated net proceeds from the share sale, assuming a share price of HKD 0.55, is approximately HKD 38.3 million, with allocations as follows: about 56.1% for new project costs, 32.6% for hiring new staff and leasing additional office space, 1.3% for upgrading the 'GL ERP' system, and 10.0% for general working capital [2]

Core Viewpoint - King Leaf International has passed the Hong Kong Stock Exchange's listing hearing for the Growth Enterprise Market, with the company being exclusively sponsored by Zhongren Financing [1] Company Overview - King Leaf International primarily engages in electromechanical engineering, covering the supply, installation, maintenance, and repair of heating, ventilation, and air conditioning systems, electrical installation systems, and water supply systems [1] - The company's clients mainly consist of existing commercial properties managed by large property management companies across various districts in Hong Kong [1] Project and Financial Highlights - The company undertakes a significant number of small projects, each contributing less than HKD 500,000 in revenue, which typically results in higher gross profit margins [1] - As of July 31, 2025, the company has 187 projects on hand, with an uncompleted order value of approximately HKD 62.8 million [1]