IPO - SU Group Holdings Ltd

Form Type: 20-F

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007523

Filing Summary: SU Group Holdings Limited filed this annual report on Form 20-F, which includes details on the company's incorporation, corporate structure, and operations primarily conducted through its subsidiaries in Hong Kong. It states that SU Group was incorporated in the Cayman Islands on March 11, 2021, and is a holding company without substantive operations itself. The subsidiaries in Hong Kong include Shine Union and Fortune Jet. The company’s operational and financial review highlights its intention not to pay dividends in the foreseeable future and details its cash management and fund transfer policies. Notably, there was an initial public offering (IPO) of 1,250,000 ordinary shares at US$4.0 per share, which closed on January 26, 2024. The document also discusses risks associated with financial reporting, regulatory compliance, and the impact of the Holding Foreign Companies Accountable Act (HFCA Act) on trading of shares. As of January 28, 2025, the company had 13,847,500 ordinary shares outstanding.

Document Link: View Document