DCSX has approved the listing of 1,000 shares of Sino‐Australia Sky Dragon Group Limited. SSC Corporate Services Limited is the mandated listing advisor.
Sky Dragon is a fully licensed fit-out and refurbishment company which provides a range of various services in relation to building fit-out and refurbishment, waterproofing and anticorrosion insulation as well as mechanical and electrical equipment installation for the projects in China. It has a strong focus on providing quality services to all key property sectors, including residential, commercial, hospitality, education, health, and aged care, and public and government sectors.
The Company is incorporated in the British Virgin Islands and is the holding company of the Group. The main operating entity of the Group, Shandong Tianlong Construction and Development Co., Ltd. (Tianlong China), was established in 2000 and is headquartered in the Liaocheng Economic Development Zone, Shandong Province in China. The Group has grown significantly over time in its capacity and capability in undertaking large‐scale projects.
The Company listed on the DCSX to achieve the following goals:
• To improve the liquidity of the Company’s assets and shares, allowing it to expand its business and achieve long-term growth;
• To explore opportunities to enter into the international market;
• To gain ongoing access to the capital market by listing on the DCSX;
• To provide ongoing transparency to the Company’s Shareholders, customers, and other key stakeholders;
• To elevate the Company’s brand image; and
• To enhance the Company’s corporate governance by matching the standard of corporate governance in international capital market.
More information about the business model of the Company, the industry in which the Company operates and its financial and operating performance can be found in the information memorandum.