Welcome to our dedicated page for OneConstruction Group news (Ticker: ONEG), a resource for investors and traders seeking the latest updates and insights on OneConstruction Group stock.
OneConstruction Group Limited (ONEG) is a Hong Kong-based structural steelwork contractor specializing in complex construction projects across residential, commercial, and infrastructure sectors. This page serves as the definitive source for official company announcements, operational updates, and industry developments.
Investors and stakeholders will find timely updates on earnings reports, project milestones, and strategic partnerships, alongside insights into the company’s adherence to rigorous safety standards and quality control protocols. Content spans tender awards, material procurement innovations, and regulatory compliance achievements relevant to Hong Kong’s construction landscape.
Bookmark this resource for streamlined access to ONEG’s latest press releases, ensuring you remain informed about its role in shaping urban infrastructure through precision steelwork engineering. Regular visitors gain a competitive edge in tracking the company’s market positioning and operational excellence.
OneConstruction Group (ONEG), a Hong Kong structural steelwork contractor, reported its 1H2025 interim financial results. Revenue decreased 8.2% to $28.7 million, with public sector revenue increasing 6.8% while private sector revenue declined 43.5%. Gross profit rose 15.1% to $2.4 million, though profit after tax decreased to $1.24 million from $1.61 million.
The company's cash balance decreased by $1.2 million to $1.6 million, while administrative expenses doubled to $0.9 million. ONEG maintains a strong position in Hong Kong's public residential projects, handling 29% of structural steelwork for 2024-2026. The company recently completed its IPO on January 2, 2025, raising $7 million through 1,750,000 ordinary shares at $4.00 per share.
OneConstruction Group (NASDAQ:ONEG), a Hong Kong-based structural steelwork contractor, has successfully completed its Initial Public Offering (IPO) raising $7 million. The company offered 1,750,000 ordinary shares at $4.00 per share, with trading commencing on the Nasdaq Capital Market on December 31, 2024, under the ticker symbol 'ONEG'.
WestPark Capital served as the book-running manager for the offering. The underwriters have been granted a 45-day option to purchase up to an additional 15% of the aggregate number of ordinary shares. The IPO was conducted through a registration statement on Form F-1, which was declared effective by the SEC on December 20, 2024.
OneConstruction Group , a Hong Kong-based structural steelwork contractor, has successfully completed its initial public offering (IPO) on the Nasdaq Capital Market under the symbol ONEG. The company offered 1,750,000 ordinary shares at $4.00 per share, raising gross proceeds of $7 million.
Trading began on December 31, 2024, with underwriters having a 45-day option to purchase up to 262,500 additional shares. The IPO proceeds will be used to fund up-front costs for future projects, expand management and technical teams, and strengthen working capital. American Trust Investment Services and WestPark Capital served as underwriters, with WestPark Capital acting as book-running manager.
OneConstruction Group , a Hong Kong-based structural steelwork contractor, has announced the pricing of its initial public offering (IPO) of 1,750,000 ordinary shares at US$4.00 per share. The company's shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol ONEG on December 31, 2024. Underwriters have a 45-day option to purchase up to 15% additional shares. The IPO is being conducted on a firm commitment basis, with American Trust Investment Services and WestPark Capital serving as underwriters, and WestPark Capital acting as the book-running manager.
