OneConstruction Group Limited announces the closing of an initial public offering by Investing.com

NEW YORK, January 2, 2025 /PRNewswire/ — OneConstruction Group Limited (“OneConstruction Group” or “Company“)steel construction contractor in Hong Kongtoday announced the closing of its initial public offering of 1,750,000 ordinary shares at the public offering price of 4 USD.00 per share (“Offer“). The Company gave the underwriters a 45-day option to purchase up to 262,500 additional ordinary shares, which represents 15% of the total number of ordinary shares sold in the Offer at the initial price of the public offering, less takeover discounts. In 2018, trading of ordinary shares began on the Nasdaq capital market December 31, 2024under the mark symbol “THE ONE“, subject to customary closing conditions.

Total gross proceeds from the offering were 7 million dollarsbefore insurance discounts and other related costs are deducted. The Company intends to use the net proceeds from the Offering to fund upfront costs for future projects, expand management and technical teams, and strengthen working capital.

The offer was made on the basis of a firm commitment. American Trust Investment Services and WestPark Capital acted as an insurer. WestPark Capital was the bookkeeping manager for the offer. Hunter Taubman Fischer & Li LLC acted as OUR adviser to the Company for securities i Ortoli Rosenstadt LLP acted as OUR securities advisor to the underwriters in connection with the Offering.

A registration statement on Form F-1 (File No. 333-28316) relating to the Offer, as amended, has been filed US Securities and Exchange Commission (“SEC“) and was declared effective by SEC on December 20, 2024. The offer is made only through the prospectus which is part of the registration statement. Copies of the final prospectus relating to the Offer may be obtained from WestPark Capital, Inc. or American Trust Investment Services, Inc.by e-mail at syndicate@wpcapital.com or ECM@amtruinvest.com, or by standard mail at WestPark Capital, Inc., 1800 Century Park Eastapartment 220, Los Angeles, CA90067 or American Trust Investment Services, Inc.230 W. Monroe Street, Suite 300, Chicago, IL 60606, or by phone at (310) 843-9300 or 312-382-7000respectively. In addition, a copy of the final prospectus, when available, may also be obtained through The SECs website at www.sec.gov.

Before investing, you should read the prospectus and other documents filed or to be filed by the Company SEC for more information about the Company and the Offer. This press release will not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would previously be illegal upon registration or qualification under the securities laws of any such state or jurisdiction.

About OneConstruction Group

OneConstruction Group is a steel construction contractor in Hong Kong. The company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects in Hong Kong (including residential and commercial construction as well as infrastructure projects), serving both public and private sector clients. For more information, please visit the company’s website: www.OneConstruction.com.hk

Forward-looking statements

All forward-looking statements, expressed or implied, in this press release are based only on information currently available to us and speak only as of the date they are made. Investors can find many (but not all) of these statements by the use of words such as “approximately,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans”, “will”, “would”, “should”, “could”, “could” or other similar expressions in this prospectus. Except as otherwise required by applicable law, we disclaim any obligation to publicly update any forward-looking statement, each of which is expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. These statements are subject to uncertainties and risks, including, but not limited to, uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will prove to be correct, and the Company cautions investors that actual results may differ materially from anticipated results and encourages investors to review other factors which may affect its future results in the Company’s registration statement and other documents s SEC. Additional factors are discussed in the Company’s submissions SECwhich are available for viewing at www.sec.gov.

Contacts

Relations with the media
mrs. Callis Lau / Mr. Gary Lee / Mrs. Lorraine onion/ Mr. Himo Liuoneg@iprogilvy.com

Investor relations
Mr. Gordon Leegli@oneconstruction.com.hk