No disclosed relationships extracted for KAZRyet. The EDGAR pass hasn't reached this filing; the graph grows as filings are read.
We are an exempted company with limited liability incorporated under the laws of the Cayman Islands on June 25, 2024, as a holding company. We operate our business primarily through our indirectly wholly-owned Operating Subsidiary, Kin Chiu Engineering Limited. We operate in a single segment that represents the Company’s core business as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Our construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. We mostly undertake civil engineering works in the role of subcontractor, while we are also fully qualified to undertake such works in the capacity of main contractor. Kin Chiu Engineering Limited was founded in 2012. In our operating history of over 12 years, we have focused on providing civil engineering services in the role of subcontractor and built up our expertise and track record in civil engineering works. We take pride in our project portfolio in civil engineering works. In 2022, we were awarded with a public project for road and drainage works and landscape works with an initial contract sum of over HK$290 million (US$37.1 million). In 2024, we were awarded with a public project with an initial contract sum of over HK$180 million (US$23.0 million) and a public project with an initial contract sum of over HK$80 million (US$10.2 million). We, through our Operating Subsidiary, are mainly engaged in public sector projects in Hong Kong. To a lesser extent, we also participate in private sector projects. Our public sector projects mainly involve infrastructure developments while private sector projects mainly involved residential and commercial developments. In March 2020, we have successfully registered in the Approved Contractors List maintained by the Development Bureau of Hong Kong in the category of Roads and Drainage (Group B (Probation)), enabling us to directly tender for public works contracts in the capacity of main contractor. In addition, Kin Chiu Engineering Limited is a Registered Subcontractor in foundation and piling (sheet piles), general civil works (roadworks, road drainage and sewer and waterworks), other finishing trades and components (signage and graphics) and hoarding of the Registered Specialist Trade Contractors Scheme of the Construction Industry Council of Hong Kong. We, through our Operating Subsidiary, have achieved sustained growth in our business. For each of the fiscal years ended March 31, 2024 and 2023, our total revenue derived from civil engineering services was approximately US$48.8 million and US$44.6 million, respectively. The number of customers with revenue contribution to us was 12 for the fiscal year ended March 31, 2023 and 12 for the fiscal year ended March 31, 2024. For the fiscal year ended March 31, 2024, the number of our projects contributing revenue was 16, among which 6 projects contributed revenue of over US$3 million each. In particular, a public project with an initial contract sum of over HK$290 million (US$37.1 million) contributed revenue of over HK$120 million (US$15.4 million) of revenue for the year. According to Migo, the gross value of civil engineering works performed by main contractors in the civil engineering industry of Hong Kong recorded an overall incline from approximately HK$119.4 billion in 2018 to HK$151.4 billion in 2023, representing a CAGR of approximately 4.9%. The rollout and commencement of projects such as Kwu Tung North and Fanling North of New Development Area, Kau Yi Chau Artificial Island under the Lantau Tomorrow Vision, Tung Chung New Town Extension in the coming few years, shall sustain demand for civil engineering works. Driven by (i) continuous government funding support to promote productivity, uplifting built quality, improving site safety and enhancing environmental performance; (ii) the Government’s continuous effort in enhancing rail connectivity, which requires extensive civil engineering works; (iii) rapid advancement in technology to optimize productivity and reduce costs such as the building information management and industrialized building system, it is expected that the Hong Kong civil engineering industry will continue to grow. Our registered office is Osiris International Cayman Limited, Suite #4-210, Governors Square, 23 Lime Tree Bay Avenue, PO Box 32311, Grand Cayman KY1-1209, Cayman Islands and our principal office is Office A, 15/F, Tower A, Capital Tower, No. 38 Wai Yip Street, Kowloon Bay, Hong Kong. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY.
No earnings record for KAZR on the current feed.
Nothing on the wire mentions KAZR yet. Iris sweeps the public feeds every quarter hour; headlines land here the moment a sweep tags them.
How KAZR has moved on past release days vs its typical ±5.9% day, and how often it closed up. Computed from daily closes — not a forecast.